Reported 5 months ago
The European Central Bank's Chief Economist Philip Lane stated that the full impact of the ECB's rate-hiking measures has not been fully felt yet, with the effects on inflation expected to be backloaded and significant pass-through anticipated in the future. Lane mentioned that the current disinflation process is likely to continue into next year, aligning with the goal of inflation stabilization at 2% and a strong economic recovery. Despite uncertainties like wage growth and geopolitical tensions, Lane emphasized the need for the ECB to maintain a restrictive policy stance throughout 2024.
Source: YAHOO