We’ve been raising interest rates to bring down inflation. How does that work? Are we already seeing the impact on prices? And is this the end of super-low rates? Our host Katie Ranger puts these questions to Chief Economist Philip R. Lane in the second episode of our Summer School mini-series. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 11 August 2023 and recorded on 27 July 2023. Additional material [pls add this as a headline on soundcloud too] The ECB Podcast Summer School #1: a deep dive into inflation https://soundcloud.com/europeancentralbank/the-ecb-podcast-summer-school-a-deep-dive-into-inflation The ECB Podcast: are wages and greedflation really pushing up prices? June 2023 https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230623_episode62.en.html Our monetary policy statement at a glance – July 2023 https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_july.en.html European Central Bank www.ecb.europa.eu