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"Several forecasting indicators suggest ongoing inflationary pressures in the upcoming months," Lane stated in the European Parliament on Tuesday. "In this situation, our goal is distinct: to maintain inflation near our 2% target in the medium term."
Lane expressed relief at the conclusion of the "hot" phase of the conflict in the Middle East, the key factor behind rising inflation in the eurozone, while noting that the circumstances remain precarious and there are threats of additional escalation.
After its June meeting, the ECB raised all three main interest rates by 25 basis points. In particular, the annual deposit rate is currently 2.25%. The regulator increased its inflation projection for the eurozone for this year to 3%, up from the earlier anticipated 2.6%.
source: reuters.com
Lane expressed relief at the conclusion of the "hot" phase of the conflict in the Middle East, the key factor behind rising inflation in the eurozone, while noting that the circumstances remain precarious and there are threats of additional escalation.
After its June meeting, the ECB raised all three main interest rates by 25 basis points. In particular, the annual deposit rate is currently 2.25%. The regulator increased its inflation projection for the eurozone for this year to 3%, up from the earlier anticipated 2.6%.
source: reuters.com
