ECB's Lane sees inflation returning to target from mid-2027-paper - Yahoo Finance

ZURICH, Sept 22 (Reuters) - An energy shock pushing up oil and gas ‌prices is likely to last ‌longer than the European Central Bank had anticipated ​in March, with geopolitical risks now looking elevated again, ECB Chief Economist Philip Lane was quoted as saying on Tuesday. "As ‌a result, ⁠we believe this second wave of energy price increases should lead ⁠to higher and more persistent inflation, before it recedes towards our target ​starting in ​mid-2027," Lane told ​Swiss newspaper Le ‌Temps. Asked whether he saw spillover effects on other prices, such as electricity or services, Lane said: "So far, from February until now, we haven't, and that's the ‌good news.