ECB's Lane flags selling prices and wages as key indicators
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FILE PHOTO: Philip R. Lane, Chief Economist, European Central Bank talks to Balazs Koranyi, Chief Correspondent, Reuters (not pictured) at the London Stock Exchange, London, Britain, June 17, 2024. REUTERS/Anna Gordon/File Photo
FRANKFURT, March 25 (Reuters) - The European Central Bank's chief economist Philip Lane on Wednesday flagged companies' price-hike expectations and wages for new hires as some of the key indicators that the ECB will monitor amid fears of a war-fuelled spike in inflation.
In his presentation at a conference in Frankfurt, Lane also noted that financial markets had priced in a "price-level jump" in the euro zone as a result of higher energy prices, rather than a persistent rise in inflation above the ECB's 2% target.
(Reporting by Francesco Canepa; Editing by Alison Williams)
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