May 13, 2020 / 12:21 PM / 21 days ago

Embattled ECB will do its job as prices risk falling - Lane

FILE PHOTO: Philip Lane, chief economist and executive board member at the European Central Bank, attends a meeting in Paris, France, November 18, 2019. REUTERS/Gonzalo Fuentes

FRANKFURT (Reuters) - The European Central Bank will “do its job” and support euro zone inflation despite a challenge from Germany’s top court, as inflation in the bloc risks turning negative due to the coronavirus pandemic, the ECB’s chief economist said on Wednesday.

“There’s a lot of headaches, you shouldn’t be worrying about the central bank, we’ll do our job,” Philip Lane said during a virtual event after forecasting euro zone price growth might fall below 1% this year “or even be negative”.

Reporting By Francesco Canepa; Editing by Balazs Koranyi

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