Lane Says ECB Won’t Be Done Raising Rates in December, MNI Says

The European Central Bank will probably continue to raise borrowing costs next year to ensure inflation returns to its 2% target, Chief Economist Philip Lane told Market News.

“I don’t think December is going to be the last rate hike,” Lane said in an interview published on the ECB’s website. Asked about the likelihood that the ECB will take a break from rate increases as it starts to unwind its balance sheet, Lane said “it’s too early to have very strong views at this point.”