ECB Governing Council member Philip Lane:
“There’s no concern about the current level,”
- “But if it moves a lot within a short time interval then you have to think about the implications.”
- “As these factors convert into higher inflation readings, our confidence that inflation will converge to the target over the medium term improves,”
- “Whenever net asset purchases come to an end, there will still remain considerable monetary accommodation baked into the system,”
