ECB’S LANE: WE WON'T MAKE PROGRESS TO 2% INFLATION AS QUICKLY AS WE WOULD TO 4%

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European Central Bank (ECB) Chief Economist, Philip Lane, made some comments on the bloc’s inflation outlook.

Key quotes

We won't make progress to 2% inflation as quickly as we would to 4%.

Services inflation is now a big contributor.

Food inflation is still a substantial issue.


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