off-the-wire

Euro zone inflation will come down but momentum still high: ECB's Lane

Kitco Media
By Reuters
Published:
Updated:
Reuters
FRANKFURT, May 8 (Reuters) - Euro zone inflation should slow sharply this year but for now, there is still a lot of momentum in price growth, including for underlying goods and services, European Central Bank chief economist Philip Lane said on Monday.


"There's a lot of disinflation coming later this year (but) not quite yet, Lane said in lecture. "We're still (seeing) a lot of momentum in inflation."


"There's still momentum in food and core inflation," he said. (Reporting by Balazs Koranyi; editing by Philippa Fletcher)

Reuters Messaging: balazs.koranyi.thomsonreuters.com@reuters.net))
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