ECB's Lane says eurozone inflation of 3% is too high

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European Central Bank chief economist Philip Lane said on the 18th that a eurozone inflation rate of 3% is too high for the ECB. Speaking at an event in Ireland, he noted that the current inflation rate is one percentage point above the 2% target, and while it may look modest compared with the double-digit readings of 2022, it is still quite high by the usual logic of adjusting policy rates to shocks.

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