View full page at forexfactory.com

 

Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Stephen Kinsella on 31 August 2023

From ecb.europa.eu

We’re speaking today, 31 August, and this morning we had the flash data for August. Of course, in any given month, the change is relatively small, but what we did see is some easing in the elements of core inflation. So goods inflation and services inflation came down, which is very welcome. But, as I said, one month of data is only one piece of information; we need to see that continue. What I would say is: our calculations are basically that there were very strong price increases a year ago, which will fall out of the data this autumn. So we do expect to see this famous core inflation come down throughout the ... (full story)

Story Stats

  • Posted:
  • Category: Low Impact Breaking News