ECB Chief Economist Philip Lane said in a blog post, “in terms of inflation dynamics, the relative price dislocations associated with bottlenecks are intrinsically short-term rather than permanent in nature.” Further, “initial increases in relative prices of categories that experienced high demand and/or low supply can be expected to level off or even reverse.” Additionally, […]
The post ECB Lane: Hold-steady approach reinforced if bottlenecks are primarily external in nature appeared first on Action Forex.