Lane sees tentative signs of easing in underlying inflation
ECB officials stress need to keep tightening monetary policy in the months ahead
There are some tentative signs that underlying inflationary pressures in the eurozone are easing, Philip Lane, chief economist of the European Central Bank, said on March 6.
However, Lane cautioned that interpreting the data is a complex task and said further tightening measures will be needed.
The ECB governing council has already signalled it is likely to raise the policy rate a further 50 basis points at its March 16 meeting. Members of the ECB executive board have expressed varied opinions
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