ECB's Lane
ECB's Lane
  • Wage pressures are gradually moderating but remain elevated
  • While services inflation should decline somewhat in the near term, it is expected to remain relatively elevated for most of the year
  • Headline inflation is expected to fluctuate around current levels in the near term
  • It should be recognized that the current phase of disinflation is necessarily bumpy

Lane continues to see inflation dropping to target in 2025.