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ECB’s Lane: recent energy price surge a drag on growth, may limit need for ECB action
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4 Articles
4 Articles
ECB’s Lane: recent energy price surge a drag on growth, may limit need for ECB action
FRANKFURT, Oct 5 (Reuters) - The late summer surge in energy costs could be a drag on growth and such 'demand destruction' episodes can limit how much a central bank must tighten policy to quell price pressures, European Central Bank chief economist ...
The warning from chief economist Philip Lane.
Rising energy prices in Europe could push inflation higher and lead to a different outcome for the ECB's interest rate policy. Philip Lane pointed out that the energy shock, by suppressing growth and demand, could limit the monetary tightening that is needed.
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Total News Sources4
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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