ECB’s Lane: No comments on monetary policy or economy

The European Central Bank (ECB) Chief Economist Philip Lane is on the wires now, via Reuters, speaking at a conference hosted by the central bank on the theme 'Challenges in the digital age'. 

Key Headlines:

Productivity growth plays an important role in the conduct of monetary policy.

Current estimates point, however, to the rise of e-commerce having relatively modest effects on inflation.

In relation to labour market dynamics, the structural changes associated with digitalization imply the contraction, or elimination, of some occupations but also the emergence of new types of jobs.