Central bank view on Covid recovery from Europe and the US
Thursday 6 May 2021 – Vol.12 Ed.18.3
Commentary: ECB’s Lane downplays prospect of durable inflation
By Clive Horwood in London
Prolonged weakness in the labour market will offset inflationary pressures in the euro area, Philip Lane, the European Central Bank’s chief economist, told an OMFIF briefing yesterday. As a result, the ECB is ready to maintain large-scale asset purchases if warranted by economic and financial conditions. Lane also...