Global EconomyIMPORTANT
ECB's Lane says the ECB will guide inflation back to target in the next year or so; at the moment, job is more reactive
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Philip Lane confirms the ECB's reactive, data-dependent stance amidst 'medium' energy shocks from US-Iran tensions. Inflation is expected to hit the 2% target by 2027 despite current geopolitical volatility.
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The ECB will decide meeting by meeting and be data-dependent. The ECB's job is more reactive at the moment. This is a medium shock, not a red-alert type shock.
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