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ECB's Lane: Energy price surge a drag on growth
Original: ECB's Lane: recent energy price surge a drag on growth, may limit need for ECB action
Philip Lane, the European Central Bank's chief economist, said the recent surge in energy prices is weighing on eurozone growth and could reduce the need for further ECB policy action. His comments suggest rising energy costs may themselves curb inflation and activity, easing pressure on the bank to tighten policy further.
Why now: Markets and economists are watching for signals on the ECB's next interest rate moves amid energy price volatility.
Philip LaneEuropean Central Bankeurozone
Evidence
- ECB's Lane: recent energy price surge a drag on growth, may limit need for ECB action · The Lufkin Daily News
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