ECB's Lane confident of hitting inflation goal despite noisy data

Focus is now on inflation data and the September meeting of the ECB

The former Governor of the Central Bank of Ireland also said the ongoing turmoil in euro zone bond markets, centred around France, is not disorderly.

The European Central Bank is confident that inflation will fall back to its 2% target next year despite some "noisy" inflation along the way, the ECB's chief economist Philip Lane said.

"There's a lot, a fair amount of confidence about the destination in the second half of next year," Lane told Reuters. "So we do have to interpret the incoming data carefully, but to differentiate the noise and the signal."