Politics
ECB’s Lane Sees Second-Round Effects Taking Time to Appear
Key Points
Central Banks ECB’s Lane Sees Second-Round Effects Taking Time to Appear European Central Bank Chief Economist Philip Lane said knock-on effects from higher energy prices will take a while to show up and that policymakers won’t lock themselves into a path for interest rates in the meantime. Officials are committed to “not boxing ourselves in” on the trajectory for monetary policy, Lane told Bloomberg Television’s Francine Lacqua, without ruling out another increase in borrowing costs.
Central Banks
ECB’s Lane Sees Second-Round Effects Taking Time to Appear
European Central Bank Chief Economist Philip Lane said knock-on effects from higher energy prices will take a while to show up and that policymakers won’t lock themselves into a path for interest rates in the meantime.
Officials are committed to “not boxing ourselves in” on the trajectory for monetary policy, Lane told Bloomberg Television’s Francine Lacqua, without ruling out another increase in borrowing costs.