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  • ECB’s Lane: Inflation will return to target in a timely manner; Food inflation will reverse later this year

    ECB’s Lane:
    -Inflation will return to target in a timely manner
    -Food inflation will reverse later this year
    -Real wage correction has to be a gradual process.

    — DailyFX Team Live (@DailyFXTeam) May 26, 2023
Added at 4:49am
  • How quickly will inflation return to target?

    From ecb.europa.eu

    slides

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  • Comment #1
  • Quote
  • May 26, 2023 5:08am May 26, 2023 5:08am
  •  jordanvic
  • | Joined Jul 2020 | Status: Bro | 640 Comments
Translation : inflation is transitory
 
 
  • Comment #2
  • Quote
  • May 26, 2023 6:40am May 26, 2023 6:40am
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1090 Comments
Quoting jordanvic
Disliked
Translation : inflation is transitory
Ignored
It is, there is absolutely nothing in the surrounding environment that supports a continued higher inflation except from greed.
 
 
  • Comment #3
  • Quote
  • May 26, 2023 7:11am May 26, 2023 7:11am
  •  ww3361
  • | Joined Jun 2012 | Status: Member | 590 Comments
Second round inflationary effects aren't from greed per se... More survival.

ECB Lane is full of crap. A year ago he said "Why should we raise rates if we think inflation will subside".

What a prat. How do these people hold down their jobs?!
 
 
  • Comment #4
  • Quote
  • May 26, 2023 7:32am May 26, 2023 7:32am
  •  kosaferi
  • | Joined Sep 2013 | Status: Member | 8 Comments | Online Now
Food inflation will reverse later this year - please do not eat until the end of year, do not support food inflation
 
 
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  • Story Stats
  • Posted: May 26, 2023 4:42am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 4  /  Views: 692
  • 1 member viewing:
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