Other measures of inflation, including those that attempt to reduce the weight given to large outliers in any given month, all tend to suggest that inflation is running between 1.5 percent and 2 percent. Given the precision with which we can measure such things, I find this outcome satisfactory.
Philip R Lane: Interview with Sky TG24 Transcript of the interview with Mr Philip R Lane, Member of the Executive Board of the European Central Bank, and Sky TG24, conducted by Mr Alessandro Marenzi, Sky TG24, with the participation of Mr Federico Fubini, Corriere della Sera, and Mr Franco Bruni, Bocconi University, and broadcast on 23 November 2019.