
Further interest rate hikes remain on the near-term horizon in the assessment of European Central Bank (ECB) Chief Economist Philip Lane, whose remarks were released during Tuesday’s European trading session.
The resilience of Europe’s economy offers considerable reassurance.
Paris needs to address France’s fiscal problems.
Core and food inflation are expected to accelerate.
Inflation has further to rise before reaching its peak.
A December rate hike would be prudent if the data remain unchanged.
At year-end, inflation is likely to be “a little bit” above 4%.
