ECB’s Lane flags ‘upside surprises’ to euro zone inflation

Euro zone inflation has delivered some “upside surprises” recently, raising some questions about the European Central Bank’s expectations for a dip early next year, the ECB’s chief economist Philip Lane said on Wednesday.

Inflation in the 20 nations sharing the euro has been hovering around the ECB’s 2 per cent target for most of this year, but some measures of price growth came in higher than expected in the last