European Central Bank chief expects high-speed <x0-powered inflation”

But at the present rate of 8.5 percent is still beyond the European Central Bank target of 2 percent.

Currently, we are probably “in the most intense phase of inflation”, Lane said.

The food prices are still very high and that's what people face when they go to shop”.

But, according to him, if preliminary prices are analyzed for food components, <x0 change” is created.

There is an improvement, which will be gradual in spring and summer, but the most powerful will be in autumn”, he said, among other things.

But to ensure inflation rates of 2 percent, Lane has said that there will have to be increased interest rates per loan.