ECB Sees No Strong Second Round Inflation
European Central Bank chief economist Philip Lane stated that high euro zone energy costs have not yet triggered strong second round inflation effects. He noted that the pass through strength to the wider economy remains uncertain.
Insights:
European Central Bank chief economist Philip Lane said Tuesday morning that high energy costs have not yet triggered strong second-round inflation impacts across the euro zone. The assessment comes as policymakers weigh competing economic projections without a clear baseline. Investors face continued uncertainty over how energy price pressures will ultimately filter through the broader economy.
