ECB’s Lane: Inflation over 2% is costly for the economy

Dhwani Mehta FXStreet

European Central Bank (ECB) Chief Economist Phillip Lane said early Friday, “inflation over 2% is costly for the economy.”

Additional quotes

Central banks try to hit inflation in the medium term.

Won't be speculating on future European Central Bank policy moves.

The most efficient wat to tighten monetary policy is via interest rates.

Market reaction

EUR/USD was last seen trading at 1.0640, down 0.15% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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