MNI BRIEF:Disinflation May Be Faster Than Expected In Dec-Lane

The eurozone disinflation process may run faster than expected at the time of the December Governing Council meeting, European Central Bank Chief Economist Philip Lane said on Thursday, citing the latest bloc-wide inflation data.

The implications for medium-term inflation are less clear, however, he said, noting the March 2024 ECB staff macroeconomic projections would provide a comprehensive update of the medium-term inflation outlook. (see MNI INTERVIEW: Beware Temporary Inflation Dip- ECB's Kazaks)

Lane made no direct comment on timing of policy changes, but said policymakers would continue to follow a firmly data-dependent approach to determining the appropriate level and duration of restrictive policy.