✉news BusinessBanking first seen 5 d ago, last 1 d ago, peak #4
ECB's Lane Says Demand Weakness Dampens Energy Inflation Impact
Original: ECB’s Lane Sees ‘Demand Destruction’ Muting Energy Impact On Inflation
European Central Bank chief economist Philip Lane said that 'demand destruction' — weakening consumer and business spending driven by high energy prices — is muting the effect of energy costs on eurozone inflation. His comments suggest the ECB expects energy-price shocks to feed through to inflation less strongly than past episodes, as softer demand restrains price pressures across the economy.
Why now: Investors and policymakers are closely watching ECB signals on inflation while weighing interest-rate decisions amid high energy prices.
Philip LaneEuropean Central Bankeurozone
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