What did ECB's Lane reveal about the inflation target?

Lane indicated that the inflation target of 2% may be met by 2025 during a private meeting with German economists.

Why did Lane suspend one-on-one meetings with investors?

Lane was forced to suspend these meetings due to public criticism following policy meetings earlier this year.

Was the 2025 date confirmed by the ECB spokesman?

The spokesman did not comment on the 2025 date when asked, leaving it ambiguous.

What is the typical forecast horizon for the ECB?

The ECB's typical forecast horizon is between two and three years.

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ECB’s Lane Reveals in Private Meeting Inflation Target May Be Met by 2025 – Report

Q: What is the ECB's stance on raising interest rates?

The ECB has pledged not to raise rates until it sees inflation hitting 2% well before the end of its forecast horizon.

Published by maria gbaf

Posted on September 17, 2021

3 min read

Last updated: February 9, 2026

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ECB chief economist Philip Lane discusses inflation targets at a meeting - Global Banking & Finance Review — Philip Lane, chief economist of the ECB, reveals in a private meeting that the bank may meet its 2% inflation target by 2025, raising discussions among economists - Global Banking & Finance Review.

ECB's Lane Indicates Inflation Target Could Be Achieved by 2025

FRANKFURT (Reuters) -European Central Bank (ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-KAZIMIR-00b06d9b-4b99-46ce-a2aa-458d8eb2d993>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-KAZIMIR-00b06d9b-4b99-46ce-a2aa-458d8eb2d993>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB expects to hit its 2% inflation goal by 2025, the Financial Times said on Thursday in a report that was partly disputed by the bank.

The ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-KAZIMIR-00b06d9b-4b99-46ce-a2aa-458d8eb2d993>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB had not made this long-term forecast public, meaning Lane could face questions from the public and lawmakers about the report, which suggests he revealed unpublished information to a select group of individuals.

The FT added that Lane told the German economists that the ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-KAZIMIR-00b06d9b-4b99-46ce-a2aa-458d8eb2d993>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB’s “medium-term reference scenario” showed inflation rebounding to 2% soon after the end of its current forecast period.

The ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-KAZIMIR-00b06d9b-4b99-46ce-a2aa-458d8eb2d993>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB, which initially declined to comment, later disputed the story, calling it inaccurate.

“Mr Lane didn’t say in any conversation with analysts that the euro area will reach 2% inflation soon after the end of the ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-KAZIMIR-00b06d9b-4b99-46ce-a2aa-458d8eb2d993>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB’s projection horizon,” an ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-KAZIMIR-00b06d9b-4b99-46ce-a2aa-458d8eb2d993>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB spokesman said in a written statement.

The spokesman, however, did not comment on the 2025 date mentioned by the paper when asked.

Earlier this year, Lane was forced to suspend one-on-one meetings with investors immediately following policy meetings, due in part to public criticism of such engagements. But he has still been meeting with groups of economists.

The ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-KAZIMIR-00b06d9b-4b99-46ce-a2aa-458d8eb2d993>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-RATES-82f6314e-6203-420b-bc8b-70a978546822>ECB updated its forecasts last week as it reduced the pace of its emergency bond purchases. It now sees inflation at 2.2% this year, 1.7% the next and 1.5% in 2023.

The central bank has pledged not to raise rates until it sees inflation hitting 2% well before the end of its forecast horizon, which is typically between two and three years. Money markets have priced in a rate hike two years from now.

(Reporting By Francesco CanepaEditing by Balazs Koranyi and Aurora Ellis)

ECB’s Lane Reveals in Private Meeting Inflation Target May Be Met by 2025 – Report

ECB's Lane Indicates Inflation Target Could Be Achieved by 2025

Frequently Asked Questions about ECB&#8217;s Lane reveals in private meeting inflation target may be met by 2025 &#8211; report

Frequently Asked Questions about ECB’s Lane reveals in private meeting inflation target may be met by 2025 – report