We project inflation to be in the low 1% range next year – Philip Lane

The Chief Economist of the European Central Bank, Philip Lane, said on Wednesday that the acceleration of vaccines in Europe and the unlocking of economies are already incorporated in the forecasts of March of the ECB, As reported Reuters.

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“We project that inflation will be in a low range of 1% next year.”

“Optimistic that the current round of TLTRO is proving to be effective, buy-in is wide.”

“I just don’t see a persistently high inflation situation.”

Market reaction

The pair EUR/USD It did not show an immediate reaction to these comments and was last seen losing 0.12% on the day at 1.2000.

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