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ECB chief economist says easing inflation welcome but must continue

Published by Uma Rajagopal

Posted on September 5, 2023

1 min read

· Last updated: February 1, 2026

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ECB Chief Economist Philip Lane discusses inflation trends in Dublin - Global Banking & Finance Review
Philip Lane, Chief Economist of the European Central Bank, speaks in Dublin about the recent easing of inflation in goods and services. His insights are crucial for understanding current economic policies.
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ECB chief economist says easing inflation welcome but must continue DUBLIN (Reuters) – An easing in goods and services inflation in flash data last week is welcome but needs to continue, European Central Bank Chief Economist Philip Lane said in an interview published on Tuesday. “Goods inflation and services inflation came down, which is very […]

ECB chief economist says easing inflation welcome but must continue

DUBLIN (Reuters) – An easing in goods and services inflation in flash data last week is welcome but needs to continue, European Central Bank Chief Economist Philip Lane said in an interview published on Tuesday.

“Goods inflation and services inflation came down, which is very welcome,” Lane told Irish business publication The Currency in an interview he gave on Aug. 31.

“But as I said, one month of data is only one piece of information: We need to see that continue,” he said.

(Writing by Conor Humphries; Editing by Jacqueline Wong)

Frequently Asked Questions

What is inflation?
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured by the Consumer Price Index (CPI) or Producer Price Index (PPI).
What is monetary policy?
Monetary policy refers to the actions taken by a country's central bank to control the money supply and interest rates to achieve macroeconomic goals such as controlling inflation, consumption, growth, and liquidity.
What is the European Central Bank?
The European Central Bank (ECB) is the central bank for the euro and is responsible for monetary policy within the Eurozone, aiming to maintain price stability and oversee the banking system.

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