ECB’s Lane: Rise in long-term rates will slow growth
European Central Bank (ECB) Chief Economist Philip Lane warns of moderate economic growth due to higher long-term rates. Regarding inflation, Lane said that medium-term inflation expectations are still de-anchored.
ECB Chief Economist Philip Lane has cautioned that a rise in long-term interest rates could moderate economic expansion. Despite ongoing concerns over inflation, Lane noted that medium-term inflation expectations remain unstable. Lane stresses that the escalation in long-term rates will impede growth and diminish the anticipated impact on prices.
Current inflation indicators suggest a gradual, rather than immediate, shift in medium-term inflation. The bank maintains a balanced approach to monetary policy, emphasizing the need for measured responses.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
