Remarks by ECB chief economist, Philip Lane
- Q1 GDP likely to have contracted again
- The pandemic continues to pose ongoing risks to projected path of inflation
- The medium-term outlook for inflation remains subdued
Lane plays down any expectations that the ECB will be considering a different take on inflation developments even if there is a push towards 2% later in the year. Unless that keeps up through to 2022, expect the ECB to keep brushing it aside in the months ahead.