The chief economist of the European Central Bank (ECB), Philip Lane, made some comments in the last hour, saying that Much of the increase in inflation that is being seen is a consequence of the disarming of the negative shock of last year.
“The supply bottlenecks that cause the price increase is not real inflationLane stated. The official does not see the environment in the Eurozone prone to persistent inflation. Lane added that the central bank still has a lot to do to boost inflation.
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