• ECB's chief economist Lane: In a world of low inflation and low interest rates it is plausible that the impact of negative shocks on observed inflation is likely to be more persistent

Market news

22 May 2020

ECB's chief economist Lane: In a world of low inflation and low interest rates it is plausible that the impact of negative shocks on observed inflation is likely to be more persistent

  • Strategic challenges are especially acute under conditions of low inflation and low interest rates, since deviations from medium-term inflation aim are likely to be more persistent under such conditions
  • Our monetary policy strategy review – even if it is unavoidably delayed by the COVID-19 pandemic – remains  high priority for ECB

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