Comments by ECB's Philip Lane in Brussels
- Labour market remains strong
- Confident that underlying mechanism to raise inflation is still active
- Seeing upward pressure in wages
- There's been a sequence of negative shocks recently
- ECB has not hit limits of its policy instruments
- Current policy can cater to limited downside revision
Lane is speaking to the members of the ECON committee on his appointment as chief economist, so don't expect much of anything new to come from the session. He'll more than likely play it safe by reiterating current policy stance.
