Central Banks
ECB Needs More Certainty That Prices Set for 2%, Lane Says
- Lane sees situation less clear after current disinflation
- Chief economist joins Wunsch in urging caution on rates
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The European Central Bank requires more assurance that inflation is returning to its target in order for policymakers to be able to lower interest rates, according to Chief Economist Philip Lane.
Signaling again that he prefers not to rush policy easing, Lane said Thursday in a speech that while the disinflation process may be unfolding more quickly than anticipated at the moment, the medium-term outlook is less clear.