Lane Says ECB Sees Core Inflation Slowing in Coming Months

09/05/2023 14:45
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Lane Says ECB Sees Core Inflation Slowing in Coming Months

ECB Chief Economist Philip Lane offered a cautiously optimistic take on inflation, saying slowing in goods and services gauges are welcome and that underlying pressures will keep weakening.

  • Goods and services gauges have shown some easing, he notes
  • Remarks don’t specify a preference for Sept. 14 decision

Philip Lane

Photographer: Paulo Nunes dos Santos/Bloomberg

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ECB Chief Economist Philip Lane offered a cautiously optimistic take on inflation, saying slowing in goods and services gauges are welcome and that underlying pressures will keep weakening.

In an interview with Irish website the Currency, he described 2023 as the year of “peak second round” as the effects of prior increases feed through the economy.

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Lane Says ECB Sees Core Inflation Slowing in Coming Months

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