Central Banks
ECB Rate Cuts Aren’t a Topic for the ‘Near Term,’ Lane Says
The European Central Bank in Frankfurt am Main, Germany.
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Lowering borrowing costs isn’t something the European Central Bank will be discussing imminently, according to Chief Economist Philip Lane.
“The December inflation number broadly confirms our assessment from the December meeting and our December projections,” Lane told the REBUILD conference in Dublin. He said officials “are going to be looking at the incoming data,” but that interest-rate cuts aren’t “a kind of near-term topic.”