{"id":2423,"date":"2026-06-19T18:39:01","date_gmt":"2026-06-19T18:39:01","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2423"},"modified":"2026-06-19T18:39:01","modified_gmt":"2026-06-19T18:39:01","slug":"europes-mid-sized-inflation-shock-requires-measured-response-ecbs-lane-says","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2423","title":{"rendered":"Europe’s mid-sized inflation shock requires measured response, ECB’s Lane says"},"content":{"rendered":"
\n
PARIS, June 19 (Reuters) – The euro zone economy is in the midst of a mid-sized inflation shock, with inflation holding above 3% for the \u200brest of the year, a situation that requires a “measured” policy response, European Central \u200cBank Chief Economist Philip Lane said on Friday.<\/div>\n
The ECB raised interest rates last week to temper price growth expectations, and financial investors are now trying to guess if and when the bank will move again.<\/div>\n
Lane \u200bdescribed the current inflationary environment as a classic, textbook situation, in contrast to \u200bthe pandemic inflation shock seen in 2021\/22 or the ultra-low inflation period \u2060following the bloc’s debt crisis.<\/div>\n
“It’s kind of a not too big, not too persistent (shock), but \u200byou respond with monetary policy in a measured way. That if you like is maybe \u200bwhere we are now,” Lane told an event hosted by Natixis. “We’re not so far in that big (inflation) dislocation scenario.”<\/div>\n
Still, Lane said that even if the Middle East conflict eases, quite a bit of inflation damage has already \u200bbeen done and price growth will be above its 2% target into next year, justifying \u200bpolicy action.<\/div>\n
“We’ve seen some improvement this week, (but) there’s enough cost increases in the pipeline that we think \u200cinflation \u2060will be above 3% (for) the rest of this year,” he said.<\/div>\n
This will have a knock-on effect on other prices and will likely put upward pressure on wages next year, he said.<\/div>\n

MARKETS PRICE IN NEXT RATE HIKE<\/h2>\n
Financial markets now see between one and two more hikes in \u200bthe ECB’s 2.25% deposit \u200brate, with the \u2060next move fully priced in by October.<\/div>\n
The ECB earlier estimated that the neutral interest rate – the level that neither stimulates nor brakes growth – \u200bis between 1.75% and 2.50%, so another hike would put the \u200bdeposit rate \u2060at the top end of estimates.<\/div>\n
High energy costs will also be a drag on economic growth, but there is plenty of resilience in the pipeline so that overall growth will not be \u2060too \u200bfar below the bloc’s potential, Lane added.<\/div>\n
Households have ample \u200bsavings to maintain consumption, investments are rising, primarily on AI and increased defence needs, and the financial system is \u200bprofitable with plenty of liquidity, Lane said.<\/div>\n<\/div>\n

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The euro zone economy is in the midst of a mid-sized inflation shock, with inflation holding above 3% for the \u200brest of the year, a situation that requires a “measured” policy response, European Central \u200cBank Chief Economist Philip Lane said on Friday.<\/p>\n","protected":false},"author":1,"featured_media":2422,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[72],"class_list":["post-2423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-european-markets"],"yoast_head":"\nEurope's mid-sized inflation shock requires measured response, ECB's Lane says - Reliable Moving Crews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reliablemovingcrews.com\/?p=2423\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Europe's mid-sized inflation shock requires measured response, ECB's Lane says - 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