European Central Bank Chief Economist Lane
- economy is still recovering
- expects investment to pick up this year
- eurozone economic growth 1.1% in 2024, expects a firmer economic recovery in 2025
- it takes time for monetary easing to impact and take effect
- savings rate in eurozone to decline, though not dramatically
- expects strong employment and wage growth - will support consumption
- services inflation will decline in the months ahead
- if inflation stabilises around 2% rates will go to neutral
Earlier this week:
