ECB’s Lane Highlights Prices and Wages as Indicators for Inflation Outlook
Key Insights from Philip Lane’s Frankfurt Presentation
ECB’s Focus on Price-Hike Expectations and Wages
FRANKFURT, March 25 (Reuters) - The European Central Bank's chief economist Philip Lane on Wednesday flagged companies' price-hike expectations and wages for new hires as some of the key indicators that the ECB will monitor amid fears of a war-fuelled spike in inflation.
Monitoring Inflation Drivers
In his presentation at a conference in Frankfurt, Lane also noted that financial markets had priced in a "price-level jump" in the euro zone as a result of higher energy prices, rather than a persistent rise in inflation above the ECB's 2% target.
Reporting and Editorial Credits
(Reporting by Francesco Canepa; Editing by Alison Williams)
