Lane Urges Measured ECB Response to Second Wave of Energy Shock
6 Articles
6 Articles
Lane Urges Measured ECB Response to Second Wave of Energy Shock
A measured European Central Bank response is appropriate to control inflation as policymakers assess how a second wave of the energy shock affects the economy, according to Chief Economist Philip Lane.
The recent sharp rise in energy prices can be seen as a second wave of the energy supply shock and poses direct upside risks to inflation, ECB Chief Economist Philip Lane said in a speech at the ECB's monetary policy conference.
The new pressures pose upside risks to the inflation outlook, as well as “bells” of slowing growth, which makes it necessary to monitor the situation closely.
European Central Bank (ECB) Chief Economist Philip Lane said that a measured response from the ECB would be appropriate to bring inflation under control.
Rome, 5 Oct. (askanews) - The appropriate monetary policy to cope with this second wave of energy shock, which takes place together with a number of other relevant factors, must be a measured response to keep inflation under control. It was prudent to raise rates from 2% to 2.50% in June and September, given the [...]
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
