Economy Inflation must fall to 2% before lowering interest rates – ECB’s Philip Lane
The European Central Bank requires more assurance that inflation is returning to its target in order for policymakers to be able to lower interest rates, according to Philip Lane, the lender’s chief economist. Signalling again that he prefers not to rush policy easing, Lane said Thursday in a speech that while the disinflation process may be unfolding more quickly than anticipated at the moment, the medium-term outlook is less clear.
Source: Loan Digest (loandigest.net)
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