European Central Bank Chief Economist Lane: Inflation outlook is "fairly moderate"

Jin10 data September 29th, European Central Bank Chief Economist Lane stated that he believes there are no significant risks in either direction for inflation, suggesting that he and his colleagues may be willing to keep interest rates unchanged for the time being. Lane said, “It seems we will not return to the low-inflation equilibrium of pre-pandemic times. But there doesn't seem to be any significant risk of being clearly above the inflation target.” “Our assessment of the inflation outlook is currently quite moderate.” Due to satisfaction with the rise in consumer prices, the European Central Bank kept the benchmark interest rate at 2% during its second meeting this month, and it is expected to remain steady again in October. Investors and economists anticipate that this round of rate cuts will not exceed 8 times.