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

(MNI) LONDON
(MNI) London

ECB chief economist says the disinflation process may run quicker near term, but medium term less clear.

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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)

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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)

Keep reading...Show less