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ECB's Lane: Policy should respond to large inflation deviations

Summary by BizToc

European Central Bank (ECB) Chief Economist Philip Lane reiterated on Wednesday that the ECB's monetary policy should respond to a "sufficiently large and persistent deviation" from the 2% inflation t...

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Ecb Sees "Counterproductive" Responding to Temporary Deviations From Inflation

The Chief Economist of the European Central Bank (ECB), the Irishman Philip Lane, considers that there is no need for a monetary policy response to small deviations from inflation, since it would be even counterproductive given the delay in its transmission, while in case of sufficiently large and persistent inclinations towards the objective a response regardless of the origin of this deviation will be required.

8 days ago

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