ECB Chief Economist Says Eurozone Inflation Will Remain Above 2% Target on June 18

According to ECB chief economist Philip Lane, on June 18, eurozone inflation will remain above the 2% target for an extended period, despite recent energy price declines. Lane expressed confidence in the ECB's recent interest rate hike, the first in nearly three years, saying higher food, goods, and services prices would persist. He stated that rate increases were justified even under a softer scenario with lower oil prices.
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