What did ECB Chief Economist Philip Lane say about the ECB's monetary policy stance after the U.S.-Iran deal and falling oil prices?

Philip Lane stated that the European Central Bank will continue to be 'proactive' in its fight against high inflation even after the U.S.-Iran deal brought down energy prices, emphasizing that the ECB remains committed to preventing a surge in fuel costs from spreading to other prices and that it will adjust monetary policy 'in line with how the risks evolve.'

According to Lane, what are the ECB's inflation projections under its baseline scenario, and how do they compare to the 2% target?

Lane said the ECB expects inflation to be 3.0% this year, 2.3% next year, and 2.0% in 2028 under its baseline scenario — meaning inflation will remain above the 2% target for at least a year, with the 2028 projection aligning exactly with the target.

ECB Will Be Proactive Against High Inflation Even After Iran Deal, Lane Says

Jun 16, 2026

ECB Chief Economist Philip Lane affirmed continued aggressive monetary policy against inflation despite an Iran deal easing energy prices. Market expectations place Brent oil above $70, shaping the euro zone's inflation baseline.

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ECB Will Be Proactive Against High Inflation Even After Iran Deal, Lane Says

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Lane Signals ECB Remains Concerned About Inflation Risks Ahead

ECB Will Be Proactive Against High Inflation Even After Iran Deal, Lane Says

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