ECB's Lane Says June Cut Helps Keep Price Undershoot Temporary
The European Central Bank's latest reduction in borrowing costs will guard against inflation getting stuck below 2%, according to Chief Economist Philip Lane.
Consumer-price gains are currently just below that target and are forecast by the ECB to slide further into 2026, before rebounding to hit 2% on average the following year. Officials lowered their key deposit by a quarter-point to 2% last week — the eighth decrease in a year.
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