ECB economist 'confident' inflation will stabilise

Targeted and temporary measures are key to addressing rising inflation, the Chief Economist of the European Central Bank has said.

Philip Lane said there is "a lot of uncertainty" with regard to the spiraling cost of living, but said he is confident that inflation will stabilise later this year.

Speaking on RTÉ's The Business, the former governor of the Central Bank said: "We think the inflation rate will start to come down in the second half of the year.

"We tend to focus on the overall inflation rate for the year. We have it at 5.1% for the year. It's above that number now and it will be above that number for the next few months, but we think it will start to come down.

https://www.rte.ie/news/business/2022/0326/1288586-ireland-economy/