New Economy Forum
ECB’s Lane Sees Rate Hike in May, Data to Determine Size
- More detailed picture of inflation trends needed, he says
- Next rate meeting likely to bring quarter- or half-point hike
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European Central Bank Chief Economist Philip Lane said another increase in interest rates is appropriate next month, with data due in the coming weeks to determine the size of the move.
Financial-sector tensions, supply bottlenecks and energy prices have all eased, Lane said before the Bloomberg New Economy Gateway Europe conference outside Dublin.