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- ECB's chief economist Lane: ECB scenarios are for low but positive inflation ahead
ECB's chief economist Lane: ECB scenarios are for low but positive inflation ahead
- Says data should be mostly positive for long time but a good bounce in economy does not reveal profile of recovery
- We will need up to one year to know how eurozone will recover
- Expects two steps forward, one step back recovery with periodic interruptions
- Reports of further COVID-19 infections not helping recovery in confidence, investments
- Current corporate ratings look reasonable, not obvious there should be a lot more downgrades
- Absolutely not into yield targeting; ECB doesn't take a view on any particular level of spread
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