Central Banks
More ECB Policy Easing Is in Cards Amid Risks, Lane Says
- ECB predicts that inflation will be at target later this year
- Weak momentum in Germany, France is hurting euro-area growth
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The European Central Bank is likely to reduce interest rates further in order to ensure it delivers on its price stability mandate, according to Chief Economist Philip Lane.
“Probably more monetary easing is going to come in order to make sure the European economy grows,” he told a conference in Hong Kong on Monday. Without further adjustments to the policy stance, “delivering on our inflation target would be at risk.”