ECB’s Philip Lane says inflation still ‘quite a distance’ from target ...Middle East

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Comments as policy makers are struggling to manage expectations of interest rate cuts Despite eurozone inflation coming down faster than expected — it has dropped by more than half from over 5pc in August to 2.4pc in November — Mr Lane said “it is not necessarily persistent disinflation and this is why we remain concerned”. He said wages in particular have “momentum”. “It is not the time to declare victory in any way,” Mr Lane told an event at the Economic and Social Research Institute (ESRI) on Wednesday. “This is essentially a prolonged second-round effect. Those big price increases in 2022 means there is a second round of wage increases coming up.” Services sectors are also still seein

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ECB’s Philip Lane says inflation still ‘quite a distance’ from target ...Middle East

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