FRANKFURT—European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2 percent inflation goal by 2025, the Financial Times said on Thursday in a report that was partly disputed by the bank.
The ECB had not made this long-term forecast public, meaning Lane could face questions from the public and lawmakers about the report, which suggests he revealed unpublished information to a select group of individuals.