2023-11-08 09:34:36
FRANKFURT, Nov 8 (Archyde.com) – The European Central Bank (ECB) is seeing progress in its efforts to curb underlying inflation, but it is not yet enough, Philip Lane, the ECB’s chief economist, said on Wednesday. institution, during a conference in Riga.
For Philip Lane, the latest core inflation figures, although falling, are not enough to reassure because the slowdown in price increases is essentially linked to the differential on energy prices compared to their level. from a year ago.
The effects of the rapid fall in energy prices, which allowed overall inflation in the euro zone to return in October to 2.9% year-on-year, are probably over, estimated Philip Lane.
The ECB’s chief economist sees inflation returning to the 2% target only in 2025 and thinks it will be between “the high of 2% and the low of 3%” in 2024. (Reporting Balazs Koranyi; French version Claude Chendjou, edited by Kate Entringer)
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