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ECB: 'Higher-than-expected inflation will not fall by itself'

2022-10-06T12:14:50.347Z


For the chief economist Lane, demand also drives prices up (ANSA) "Inflation has been repeatedly higher than expected, and the upward pressure on prices will not come down on their own." It is one of the nodes of the minutes of the ECB, report of the meeting at the beginning of September. The document, published on the ECB's website, also states that "putting too much emphasis on supply-side problems risks neglecting the fact that it is necessary to act on deman


"Inflation has been repeatedly higher than expected, and the upward pressure on prices will not come down on their own."

It is one of the nodes of the minutes of the ECB, report of the meeting at the beginning of September.

The document, published on the ECB's website, also states that "putting too much emphasis on supply-side problems risks neglecting the fact that it is necessary to act on demand to bring down inflation".

For chief economist Philip Lane, the role of demand is higher than before.

Source: ansa

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