“Inflation will fall this year,” the European Central Bank (ECB) Chief Economist Phillip Lane said in an interview on Tuesday.
Additional quotes
“Will fall below ECB’s target of 2% in 2023 and 2024.”
“Does not see behavior that would suggest inflation will remain above ECB’s target in the medium term.”
The annualized Eurozone Consumer Price Index (CPI) jumped by 5.0% in December, surprising markets to the upside while a tad higher from the previous jump of 4.9%, the latest data published by Eurostat showed on Tuesday.
Market reaction
EUR/USD stays unfazed by these comments, currently trading at 1.1342, up 0.15% on the day.
