ECB's Lane: energy shock's demand hit may limit need for rate rises; measured response appropriate

ECB chief economist Philip Lane said the recent rise in energy prices may cool eurozone demand, limiting the need for rate rises to contain inflation, and that a measured ECB response is appropriate to a second wave of energy shock. He said a rise in long-term rates will slow growth and cut policy pass-through more than projected, and that underlying inflation shows no upward shift in medium-term inflation.

Detected & updated continuously · Source: Nebula