May 13, 2020 / 12:21 PM / 17 days ago

Embattled ECB will do its job as prices risk falling: Lane

FRANKFURT, May 13 (Reuters) - The European Central Bank will “do its job” and support euro zone inflation despite a challenge from Germany’s top court, as inflation in the bloc risks turning negative due to the coronavirus pandemic, the ECB’s chief economist said on Wednesday.

“There’s a lot of headaches, you shouldn’t be worrying about the central bank, we’ll do our job,” Philip Lane said during a virtual event after forecasting euro zone price growth might fall below 1% this year “or even be negative”. (Reporting By Francesco Canepa Editing by Balazs Koranyi)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below