ECB Governing Council Member Philip Lane said policymakers are “fairly sure that core (inflation) is on an upward path”, “not spectacular but steady enough”. Also, he added “the support of more jobs, more labor income driving consumption is very strong.”
He also reiterated ECB’s forward guidance that interest rates will stay at present levels at least through summer of 2019. But he also noted that “it is not committing to any particular date for lift-off, so there is a clear commitment there, which is that it’s open to revisions depending on where the data come in.”
