• ECB's Lane: Inflation has declined quicker than expected

Notícias do Mercado

2 maio 2024

ECB's Lane: Inflation has declined quicker than expected

While giving a virtual guest lecture at the University of Stanford, European Central Bank (ECB) Chief Economist Philip Lane noted that while inflation has declined at a faster pace than the ECB had initially expected, policy transmission continues to lag, and tightening effects from previous rate increases continue to unfold.

Key highlights:

  • The ECB is not pre-committing to any particular rate path.
  • The ECB will continue to follow a data-dependent approach.
  • Expectations of future inflation continue to normalize, and leaving nominal rates unchanged implies a mechanical increase in real rates.
  • Policy rates will stay restrictive for as long as needed.
  • Inflation has declined more quickly than expected.
  • Wage growth is moderating, but remains elevated.
  • The next phase of the disinflation process likely more gradual.
O foco de mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir Conta Demo e Página Pessoal
Compreendo e aceito a Política de Privacidade e concordo que os meus dados sejam processados pela TeleTrade e usados para os seguintes efeitos: