ECB must ensure return to inflation goal after pandemic, Lane says

ECB must ensure return to inflation goal after pandemic, Lane says


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Economy1 hour ago (Oct 06, 2020 11:55AM ET)

© Reuters. FILE PHOTO: European Central Bank Chief Economist Philip Lane speaks during a Reuters Newsmaker event in New York

FRANKFURT (Reuters) – The European Central Bank must keep its policy sufficiently easy even after the damage wrought by the coronavirus pandemic is repaired to ensure euro zone inflation heads back to its 2% target, chief economist Philip Lane said on Tuesday.

“Once we have returned towards the pre-pandemic inflation path, we have to ensure that our monetary policy stance is appropriately calibrated in order to ensure timely and robust convergence to our medium-term inflation aim,” Lane told an online conference.

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