ECB’s Lane says says fairly sure core inflation is on an upward path not spectacular but steady enough; ECB guidance on rates is clearly open to revision depending on data

Adds there is enough improvement in employment to make it hard to see low inflation outcomes Notes dominant tool will be forward guidance on rates  He is open minded about the possibility of hitting limits of labour market slack Says wage inflation we are seeing now will eventually turn into price pressure; wage data in Eurozone zone is increasingly positive (Newswires)