The remarks from European Central Bank (ECB) Chief Economist Philip Lane released during the European trading session on Tuesday have indicated that he still sees more interest rate hikes in the near term.
Remarks
Europe’s economic resilience is quite reassuring.
French fiscal problems need to be fixed in Paris.
Expect core, food inflation to quicken.
More to come in terms of peak inflation.
Prudent to hike in December if data don’t shift.
Inflation likely “a little bit’ over 4% at year-end.
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