ECB chief economist says inflation will return to 2% target

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The European Central Bank's chief economist Philip Lane stated that inflation will be guided back to the 2% target within approximately one year, down from the current 3%, aiming to sustain price stability in the Eurozone.

The European Central Bank will guide inflation back to its 2% target over the next year or so, ECB chief economist Philip Lane said on Friday. “What we’re saying is, we will make sure that we will guide inflation back from where it is now — 3% — back to 2%, over let’s say the ...