Business & Finance
Lane Says It’s Hard to Argue That ECB Shouldn’t Have Hiked Rates
Key Points
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.