ECB's chief economist warns inflation battle has not been won

The bank's meeting on September 12 and the Fed's two-day meeting from September 15 are being viewed as a key test as to whether inflation has been truly brought under control

The chief economist of the European Central Bank, Philip Lane, told the US' Federal Reserve annual conference that 'there has been good progress in delivering the overriding goal of making sure that inflation returns to target in a timely manner.' File Picture: Bloomberg

The battle to tame surging inflation across Europe has not yet been won, the chief economist of the European Central Bank (ECB) Philip Lane has warned. 

His warning comes ahead of the publication this week of key new price data that will feed into decisions on interest rates.