Central Banks
ECB’s Lane Says Data Needed Beyond June to Clarify Services Path
- Lane backs Lagarde in urging patience on assessing price path
- Chief economist speaks in interview in Sintra, Portugal
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Inflation data for last month won’t provide answers to the European Central Bank’s lingering questions on underlying price pressures, according to Chief Economist Philip Lane.
Speaking to Bloomberg TV, he joined President Christine Lagarde in signaling that another cut in interest rates in July is unlikely, calling for patience in collecting evidence that the ECB is heading toward its 2% target.