ECB must ensure return to inflation goal after pandemic, Lane says
Reuters
Published Oct 06, 2020 11:52AM ET
FRANKFURT (Reuters) - The European Central Bank must keep its policy sufficiently easy even after the damage wrought by the coronavirus pandemic is repaired to ensure euro zone inflation heads back to its 2% target, chief economist Philip Lane said on Tuesday.
"Once we have returned towards the pre-pandemic inflation path, we have to ensure that our monetary policy stance is appropriately calibrated in order to ensure timely and robust convergence to our medium-term inflation aim," Lane told an online conference.
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Written By: Reuters
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