ECB’s Lane: Prudent to hike again as inflation seen over 4% by year-end

Sagar Dua FXStreet

The remarks from European Central Bank (ECB) Chief Economist Philip Lane released during the European trading session on Tuesday have indicated that he still sees more interest rate hikes in the near term.

Remarks

Europe's economic resilience is quite reassuring.

French fiscal problems need to be fixed in Paris.

Expect core, food inflation to quicken.

More to come in terms of peak inflation.

Prudent to hike in December if data don't shift.

Inflation likely “a little bit' over 4% at year-end.

Author

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

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