ECB's Lane: There's been a sequence of negative shocks recently

The European Central Bank (ECB) Governing Council member - Philip Lane was speaking in Brussels this Tuesday and remained confident that the underlying mechanisms to raise inflation are still active. 

Key quotes: 

   •  EU labour market remains strong and sees upward pressure in wages.
   •  There's been a sequence of negative shocks recently.
   •  Sees only small adjustments to forecasts.
   •  Forward guidance can accommodate revisions to projections.
   •  ECB hasn't hit all limits of its policy options.
   •  Current policy can cater to limited downside revision.
   •  Data-dependent strategy provides flexibility.