Euro-zone inflation remains high but there are signs it is easing, European Central Bank chief economist Philip Lane said on Monday, arguing for further rate hikes.
“The heat map suggests that inflationary pressures are still strong, but some signs of easing are emerging,” Lane said.
Pressures on commodity prices, economic activity and supply bottlenecks have eased, partially offset by food and labor costs, he said.
“Current information on underlying inflationary pressures suggests that it will be appropriate to raise rates beyond our March meeting,” he added.
Source: Terra
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