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Over 4% inflation expected by year-end: ECB’s Lane sees another rate hike as prudent
Further interest rate rises remain on the near-term horizon, according to European Central Bank (ECB) Chief Economist Philip Lane. His remarks were released during Tuesday's European trading session.
Policy and Inflation Outlook
The resilience of Europe's economy offers considerable reassurance.
Paris needs to resolve France's fiscal problems.
Core and food inflation are expected to accelerate.
Peak inflation has yet to be reached.
A December rate rise would be prudent if the data remain unchanged.
At year-end, inflation is likely to be “a little bit” above 4%.
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