Person: Philip Lane

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>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</p>

economy

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

<p>At its June 6 policy meeting, the central bank raised its forecasts for inflation this year and next — even as it cut interest rates. Picture: Hannelore Foerster/Bloomberg via Getty</p>

companies

Unit labour costs rise after bank shares confidence in inflation fall

<p>Philip Lane, chief economist of the European Central Bank (ECB): 'My personal confidence level has improved compared with our April meeting.' Picture: Alex Kraus/Bloomberg</p>

economy

ECB’s Philip Lane more certain inflation returning to goal

Key Speakers At Danmark Nationalbank Conference

economy

ECB's Philip Lane warns against raising hopes over future interest rate cuts

economy

ECB’s Philip Lane warns of 'bumpy' inflation decline but hints at rate cut in June

Bank of Ireland's new Dublin headquarters

economy

ECB chief economist Lane sees eurozone wages growth slowing

High US inflation deals a blow to odds of early rate cuts on both sides of Atlantic

Global shares fell sharply on prospects of delayed cuts by the Federal Reserve and ECB

Tue, 13 Feb, 2024

ECB needs assurance on inflation before any rate cut, says Lane

ECB officials are increasingly confident that inflation is heading back to 2% and are gearing up to start lowering rates later this year

Thu, 08 Feb, 2024

ECB's Philip Lane sees good case for economy 'soft landing'

But he warned about a new 'energy shock' aggravated by war in the Middle East

Thu, 02 Nov, 2023

Eurozone set for growth over next 'couple' of years - Lane

"Over time, households should be in a better financial position."

Fri, 18 Aug, 2023

European Central Bank Chief Economist Philip Lane Interview

ECB officials spar as Philip Lane rebuffs talk of September rate hike

European Central Bank chief economist says 'September will be decided in September, July will be decided in July'

Mon, 19 Jun, 2023

'We haven't reached the corner yet' — ECB's battle with inflation at crucial stage

Philip Lane, ECB chief economist, said: “We do think that this spectacular reversal of energy prices will feed into core [inflation], but timing is uncertain.”

Fri, 26 May, 2023

Philip Lane urges Irish firms to plan for changing financial conditions

Comments ahead of ECB meeting where a further interest hike of 0.25% is expected

Wed, 19 Apr, 2023

Chief economist Lane says ECB may need to hike rates again in May

The ECB has raised rates by a combined 3.5% since July but did not provide specific guidance for its May 4 meeting

Thu, 06 Apr, 2023

Homeowners could pay €6k more a year as ECB set to issue further interest rate hikes

European Central Bank is expected to issue a 'prolonged series' of interest rate increases in its attempt to dampen inflation

Sat, 11 Mar, 2023

ECB's Philip Lane says further interest rate hikes on the way

Chief economist acknowledged need for more increases after a half-point move pencilled in for March 16, but warned against policy on 'autopilot'

Mon, 06 Mar, 2023

ECB must keep raising rates to fight off inflation — Philip Lane

Governments will also have to take on a bigger role in fighting off inflation

Tue, 17 Jan, 2023

Gas prices fall for fourth week as energy crisis eases

Prices are still elevated — but mild weather and stockpiling have eased the pressure on the wholesale cost of energy

Fri, 06 Jan, 2023

Rising mortgage rate graph on a blackboard lying on a wooden table

ECB is deliberately vague on next rate hike

AIB rate increase to be followed by other main banks

Sun, 16 Oct, 2022

A cast of hawks hold sway at ECB meetings amid inflation crisis

Sources say the ECB chief economist is losing many arguments when it comes to interest rate hikes

Sun, 09 Oct, 2022

More ECB officials warn about interest-rate rises

ECB chief economist Philip Lane, who was governor of the Irish Central Bank previously, said rates could rise for some time.

Sun, 18 Sep, 2022

Several interest rate hikes expected, warns ECB chief economist

ECB has raised rates by 1.25% so far this year, while Philip Lane warns possibility of a recession in eurozone cannot be ruled out

Sat, 17 Sep, 2022

ECB’s Lane urges ‘steady pace’ of rate hikes to minimise risks

European Central Bank chief economist Philip Lane's comments at a panel discussion seemed to push back against a 75 basis-point hike in interest rates next month, as floated by some of his colleagues

Tue, 30 Aug, 2022

Cooling towers of nuclear power plant against blue sky

Eurozone consumer inflation and Irish factory prices reignite fears about outlook

8.2% inflation in Ireland and record price rises across the EU raise the prospect of even more aggressive ECB interest rate hikes

Wed, 01 Jun, 2022

Spanish and German inflation puts spotlight back on ECB interest rate intentions

The sustained surge in the cost of living is putting further pressure on Europe's central bank to raise interest rates

Mon, 30 May, 2022

ECB ready for 'sequence' of rate hikes - Philip Lane

Comes as Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation

Thu, 05 May, 2022

Hiking interest rates alone to fight inflation would be 'extremely costly'

"A monetary-policy tightening would not directly affect imported energy and food prices," warned ECB executive board member Fabio Panetta.

Wed, 06 Apr, 2022

Irish inflation will persist as Lane plays down ECB response

EU projects 4.6% inflation in Ireland this year, 1.1 percentage points higher than that predicted for the eurozone as a whole

Thu, 10 Feb, 2022

ECB chief economist adamant eurozone inflation will fall despite new record high

Philip Lane's upbeat assessment was questioned by many policymakers, however, in what was an unusually robust debate at an ECB meeting, according to sources.

Fri, 07 Jan, 2022

Eurozone first-quarter recession shows need for speedier vaccine rollout

There are signs of recovery — but Europe's recent double dip recession has left it behind as the US surges ahead

Fri, 30 Apr, 2021

Oliver Mangan: As stock markets soar, others are less convinced about the Covid-19 rebound

Stock markets continue to be underpinned by the run of good data from economies emerging from the great lockdown imposed to contain the spread of Covid-19.

Mon, 06 Jul, 2020

Why the easing in house price inflation is unambiguously a good thing

The housing market has long been correctly identified as one of the most important economic and social issues that Irish policymakers need to get on top of.

Thu, 15 Aug, 2019

Central Bank governor accepts inquiry findings

The incoming Central Bank governor has said he accepts the findings of a critical inquiry into the leaking of the national budget while he was in his previous job in New Zealand.

Thu, 08 Aug, 2019

Incoming Central Bank Governor accepts inquiry findings into New Zealand budget leaks

The incoming Central Bank Governor has said he accepts the findings of a critical inquiry into the leaking of the national budget while he was in his previous job in New Zealand.

Wed, 07 Aug, 2019

Trade truce does little to quench market expectations for rate cuts in Europe and the US

Global stockmarkets led by Asia joined in a relief rally after US president Donald Trump and China called a truce in their trade war.

Mon, 01 Jul, 2019

Rate cut prospect climbs for Irish borrowers as eurozone inflation outlook ‘collapses’

The chance of the ECB being forced into decisive action to cut interest rates increased significantly as market expectations for inflation “collapsed” to a new low, a leading economist has said.

Wed, 12 Jun, 2019

Minister signals no return to banker bonuses

Finance Minister Paschal Donohoe has given a strong signal he is not willing to allow a return to bonuses in banks bailed out by the State.

Wed, 12 Jun, 2019

Central Bank claims flexibility on bankers' pay, including removal of €500k cap, has merits

A proposal by the former governor of the Central Bank to return bankers' bonuses has been slammed.

Wed, 05 Jun, 2019

Central Bank governor Lane: Long-term economic hit from hefty wage hikes is no ‘small issue’

The risks of hefty wage increases tipping the economy into a new crisis have risen significantly and will require the Government to keep monitoring the threat each and every quarter, outgoing Central Bank governor Philip Lane has warned.

Wed, 29 May, 2019

No escaping increases in carbon taxes

Ireland is the second country in the world to declare a ‘climate emergency’, but the Government must face up to promoting potentially unpopular hikes in carbon taxes, writes Kyran Fitzgerald.

Mon, 13 May, 2019

Government opts for outsider as new Central Bank governor

The Government has looked outside the country and named a New Zealand government official as the governor of the Central Bank.

Wed, 01 May, 2019

Gabriel Makhlouf nominated as new Governor of Central Bank

The Government has agreed to nominate Gabriel Makhlouf as the new Governor of the Central Bank of Ireland.

Wed, 01 May, 2019

Tax revenues to rise even as economy cools

Finance Minister Paschal Donohoe looks set to have ample room for spending rises and tax cuts in his next budget even as the Government cut the growth outlook.

Tue, 16 Apr, 2019

Pearse Doherty rejects claim that his Bill is unconstitutional

Sinn Féin’s finance spokesperson Pearse Doherty has rejected a claim by officials in the Department of Finance that his No Consent, No Sale Bill is unconstitutional.

Tue, 02 Apr, 2019

Lane: Regional Ireland must brace for Brexit

It is “crystal clear” that regional Ireland must brace itself for “permanent disruption” whatever the outcome of Brexit, the governor of the Central Bank has warned.

Wed, 27 Mar, 2019

Central Bank boss ready for life in the fast Lane

Ireland has finally secured a foothold at the summit of European central banking following the appointment of Central Bank governor Philip Lane to the six member executive board of the ECB, as chief economist.

Sun, 24 Mar, 2019

Government starts hunt for new Central Bank governor as Lane's ECB elevation is confirmed

Central Bank governor Philip Lane has been confirmed as the European Central Bank's next chief economist.

Fri, 22 Mar, 2019

Lane: ECB did enough to offset ‘limited’ slowdown

Central Bank governor and incoming ECB executive board member Philip Lane has said he is confident that current stimulus will be enough to guide the eurozone through what he considers “limited” downward revisions to the outlook.

Wed, 27 Feb, 2019

Ibec's McCoy calls for 'new SSIA-type scheme' to promote savings

The idea of promoting savings to cool the economy during times of rapid economic expansion has been revisited by Danny McCoy, the head of business group Ibec.

Tue, 26 Feb, 2019

Measuring climate change’s true cost

When the financial consequences finally sink in, people will — perhaps — start taking climate change more seriously and make the tough decisions needed, writes Kyran Fitzgerald.

Mon, 11 Feb, 2019