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ECB's Lane Sees Demand Destruction Muting Energy Inflation Impact

Original: ECB’s Lane Sees ‘Demand Destruction’ Muting Energy Impact On Inflation

European Central Bank chief economist Philip Lane said that weakening demand is limiting the pass-through of high energy prices into eurozone inflation. He argued that 'demand destruction' — consumers cutting back as prices rise — is curbing the broader inflationary impact of costly energy, a view likely to shape debate over how much further the ECB should raise interest rates.

Why now: Investors and policymakers are watching ECB officials' comments for signals on the pace of future interest rate hikes.

Philip LaneEuropean Central Bankeurozone

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• ECB’s Lane Sees ‘Demand Destruction’ Muting Energy Impact On Inflation · WSJ

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