ECB Lane: Medium-term inflation expectations increasing towards 2% target over the last year

ECB Chief Economist Philip Lane said in a speech that “medium-term inflation expectations have been increasing from a low base towards the two per cent inflation target over the last year, even before the energy shock.” “There are several factors indicating that the excessively-low inflation environment that prevailed from 2014 to2019 (a period over which […]

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