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ECB’s Lane says more cooling needed in core inflation
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ECB’s Lane says more cooling needed in core inflation
ECB chief economist Philip Lane said overnight that while headline inflation has hovered near target for most of the year, the picture is still flattered by energy deflation. Non-energy inflation remains “well above 2%,” and Lane stressed that a further slowdown is required to ensure inflation is sustainably anchored at target. Nevertheless, he added "We're confident that's going to happen because everything we look at tells us wage dynamics are…
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