Lane Warns Energy Price Spike May Hit Consumption by Autumn

European Central Bank (ECB) board member Philip Lane recently commented on the eurozone's economic resilience in the face of rising energy prices. According to Lane, if the increase in energy costs persists, it may start affecting consumption by the autumn. However, he emphasized that this remains an uncertain issue.

The ECB has been closely monitoring the situation and is preparing for potential interest rate hikes. The odds of a back-to-back hike are slightly over 50%, according to current estimates.