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ECB chief economist says easing inflation welcome but must continue
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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.
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)
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).
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.
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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