ECB Chief Economist Sees No Clear Second-Round Inflation Effects From Energy Shock Yet

Deep News
1小时前

European Central Bank Chief Economist Philip Lane said in an interview that the eurozone's high energy costs have not yet triggered second-round inflation effects, and the strength of such pass-through remains uncertain.

"So far, we have not observed very significant second-round effects, but we will continue to monitor them closely," Lane said in an interview published on Tuesday.

"That is why, although I advocate the use of scenario analysis, it would be too simplistic to simply assert that we are in an 'adverse scenario' or a 'baseline scenario.'"

Lane added: "Energy prices remain elevated, but the strength of their transmission to other parts of the economy is still uncertain."

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