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Lane Says It’s Hard to Argue That ECB Shouldn’t Have Hiked Rates

Lane Says It’s Hard to Argue That ECB Shouldn’t Have Hiked Rates
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Central Banks Lane Says It’s Hard to Argue That ECB Shouldn’t Have Hiked Rates It’s difficult to argue that the European Central Bank should have refrained from raising borrowing costs this month, according to Chief Economist Philip Lane. “It would be very hard to make the case we should have stayed” at 2%, Lane told the Natixis International SSA conference Friday in Paris, citing above-target inflation but resilience in both the euro-zone economy and the region’s financial system.

Central Banks Lane Says It’s Hard to Argue That ECB Shouldn’t Have Hiked Rates It’s difficult to argue that the European Central Bank should have refrained from raising borrowing costs this month, according to Chief Economist Philip Lane. “It would be very hard to make the case we should have stayed” at 2%, Lane told the Natixis International SSA conference Friday in Paris, citing above-target inflation but resilience in both the euro-zone economy and the region’s financial system.
Lane (PERSON) ECB (ORG) the European Central Bank (ORG) Philip Lane (PERSON) Paris (LOCATION)
Originally published by Bloomberg Markets Read original →