The European Central Bank's latest interest rate cut will support inflation returning to the 2 per cent target after a temporary dip, ECB Chief Economist Philip Lane said on Wednesday. "This cut helps ensure that the projected negative inflation deviation over the next eighteen months remains temporary…," Lane noted, adding it also reduces uncertainty around the ECB's policy response. The ECB lowered its key rates last week, as inflation in the eurozone continues to ease. Attribution: Amwal Al Ghad English, Reuters Subediting: Nada Ali
