ECB’s Lane: We won't make progress to 2% inflation as quickly as we would to 4%

European Central Bank (ECB) Chief Economist, Philip Lane, made some comments on the bloc’s inflation outlook.

Key quotes

We won't make progress to 2% inflation as quickly as we would to 4%.

Services inflation is now a big contributor.

Food inflation is still a substantial issue.

Related reads

• ECB’s Šimkus: Inflation is on its way down
• EUR/USD Price Analysis: Attracts some sellers below 1.0470 amid the oversold condition