FRANKFURT, Feb 17 (Reuters) – The extremely low level of inflation seen in the eurozone before the emergence of the coronavirus that caused COVID-19 is unlikely to be repeated in the future, even after the pandemic is over, said Thursday Philip Lane, the chief economist of the European Central Bank (ECB).
“Several factors indicate that the excessively low inflation environment that prevailed from 2014 to 2019 (a period during which inflation averaged only 0.9%) may not return even after the end of the month. pandemic cycle,” he said during a debate organized by the news agency Market News International (MNI).
Philip Lane cites the changes in the global economy as one of the factors that would prevent a return to a very weak rise in prices. (Report Francesco Canepa; French version Claude Chendjou, told by Blandine Hnault)