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ECB’s Lane backs another rate rise as prudent with inflation expected above 4% by year-end

Further interest rate rises remain on the near-term horizon in the view of European Central Bank (ECB) Chief Economist Philip Lane, whose remarks were released during Tuesday’s European trading session.

Lane Sets Out His Assessment

The resilience of Europe’s economy offers considerable reassurance.

Paris must address France’s fiscal problems.

Core and food inflation are expected to accelerate.

Peak inflation has yet to be reached.

Unless the data change, a December rate rise would be prudent.

At year-end, inflation is likely to stand ‘a little bit’ above 4%.

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