ECB's Lane: Demand Destruction May Mute Energy Impact on Inflation
European Central Bank Chief Economist Philip Lane stated that rising energy prices could cool demand in the eurozone, potentially limiting the need for further interest rate hikes to control inflation.
European Central Bank Chief Economist Philip Lane said Monday that the recent rise in energy prices may cool demand across the eurozone through several channels, which could reduce the need for rate increases to contain inflation. The ECB last month raised its key interest rate for the second ti…