ECB sees inflation hitting target by mid-2027
ECB Chief Economist Philip Lane warns that recent energy shocks will drive higher inflation before subsiding. Price pressures remain contained in services but are expected to affect food and goods.
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European Central Bank Chief Economist Philip Lane warned Tuesday that an energy shock lifting Brent Crude Oil and Natural Gas prices will persist longer than previously projected. The extended shock is projected to keep inflation elevated before returning to the 2% target by mid-2027.
