ECB Chief Economist Philip Lane said that inflation is staying well below target, but there is no deflation risk yet. He said, “The most recent financial data says there is a lot of weight attached to mediocre inflation outcomes, inflation outcomes between 0 and 1.5%, below the aim of the ECB.”Also, he noted that scale of slack in the Eurozone remains extensive.
ECB Lane: Lot of weight attached to mediocre inflation outcomes
