ECB’s Lane: No comments on monetary policy

Dhwani Mehta FXStreet

The European Central Bank (ECB) Chief Economist Philip Lane is on the wires now, via Reuters, speaking at a conference hosted by the central bank on the theme 'Challenges in the digital age'.

Key Headlines:

Productivity growth plays an important role in the conduct of monetary policy.

European productivity has been lacklustre for more than two decades.

Current estimates point, however, to the rise of e-commerce having relatively modest effects on inflation.

In relation to labour market dynamics, the structural changes associated with digitalization imply the contraction, or elimination, of some occupations but also the emergence of new types of jobs.

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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