According to Jin10, ECB Chief Economist Philip R. Lane said the eurozone's elevated energy costs have not yet triggered second-round inflation effects, and the strength of that transmission remains unclear. Lane said he has not seen very strong second-round effects so far and will continue to monitor the situation, adding that it is too one-sided to simply say the bloc is in an adverse or baseline scenario. He also said energy prices are high, but their transmission to other parts of the economy remains uncertain.