ECB’s Lane Sees Inflation Returning to Target From Mid-2027-Paper

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A new wave of high energy prices will ensure that inflation in the euro area remains sustained longer than initially foreseen by the ECB. (ANSA)

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New price jumps in oil and gas could keep inflation in the euro area up for longer, warns ECB chief economist Philip Lane. A further interest rate increase is already possible in October.

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Rising oil and gas prices will lead to higher and more persistent inflation, warns ECB Chief Economist Philip Lane

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European Central Bank (ECB) Chief Economist Philip Lane said in an interview with Swiss newspaper Le Temps that eurozone inflation will remain high for longer than previously expected due to a new wave of rising energy prices, Bloomberg reported.