Philip Lane, the ECB's chief economist, highlighted the growing risk of deflation in the Eurozone, urging policymakers to consider this alongside inflation concerns. Lane stressed the need for a balanced approach in 2025, avoiding both aggressive and cautious monetary policies.
In an interview with Austrian daily Der Standard that was published on Monday, ECB chief economist Philip Lane said too little rather than too much inflation was now a risk that rate setters needed to take into account. Photograph: Paulo Nunes dos Santos/BloombergIn an interview with Austrian daily Der Standard that was published on Monday, Mr Lane said too little rather than too much inflation was now a risk that rate setters needed to take into account.
Housing crisis in Ireland cannot be solved by taxpayer funds alone – it also needs capital from private investors Olli Rehn, governor of Finland’s central bank and member of the ECB’s governing council, told Bloomberg TV that further rate cuts in the euro area were necessary regardless of the Fed’s moves.
But the chief economist warned more clearly than in his previous public statements that weak growth was a threat to price stability.
ECB INFLATION RATES DEFALTION EUROZONE
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