On 23 May 2025, the EMU Lab hosted a lecture by Philip R. Lane, Member of the Executive Board of the European Central Bank, who offered an in-depth review of inflation dynamics and the ECB’s monetary policy response from 2021 to 2025.
Lane reflected on the exceptional economic fluctuations that followed the COVID-19 pandemic, from the sharp rise in inflation in 2021–2022 to the more recent disinflationary phase.
Drawing on his experience at the core of ECB decision-making, he shared key insights into how monetary policy adapted to bring inflation closer to the two per cent target, and what lessons can be drawn from this turbulent period.
Watch the full lecture recording here.
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The Economic and Monetary Union Laboratory (EMU Lab) is a collaborative initiative driven by the Tommaso Padoa-Schioppa Chair and the Pierre Werner Chair, aiming to reassess the Economic and Monetary Union's structure in light of current European and global economic conditions.