Washington, D.C., USA — Philip R. Lane, a member of the Executive Board of the European Central Bank (ECB), discussing disinflation in the euro area held at the Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution, according information provided by the ECB Thursday.
The incoming data suggest that the process of disinflation in the near term in fact may run faster than previously expected, although the implications for medium-term inflation are less clear. At the same time, the strength of the recovery of the economy, the path of fiscal policies, wage developments, and the degree to which firms absorb higher input costs, all in a context of continued heightened geopolitical uncertainty, will have an important bearing on the inflation trajectory. The March 2024 ECB staff macroeconomic projections will provide the opportunity for a comprehensive update of our medium-term inflation outlook.
ECB’s Lane on Thursday.