ECB’s Lane Says Inflation to Hover Near 3% for Rest of Year

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world European Central Bank Chief Economist Philip Lane European Central Bank Chief Economist Philip Lane said the pace of consumer-price increases is likely to hold “well above” the 2% target in 2026 due to the Iran war. “Hovering around this 3% level is probably what people are looking at for the rest of this year,” Lane told Irish RTE Radio 1. “But that very much depends on whether there is a resolution to the crisis. So it’s really an uncertain situation.”.

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