Interest Rates

Three factors determining if European Central Bank will hike interest rates again - Lane

The ECB has raised interest rates by a collective 350 basis points since July 2022 in a bid to tackle soaring inflation

Philip Lane: Acknowledged that the rise in interest rates had not been easy for citizens in terms of the impact on their day to day lives. Picture: Fergal Phillips

Philip Lane, chief economist at the European Central Bank, has expressed cautious optimism regarding the European Union’s economy but has refused to clarify if an end to interest rate hikes was in sight.

In an interview with Cyprus News Agency on Thursday, Lane said a lot of work had been done to tackle inflation at an EU level but that the ECB’s decision on whether to increase interest rates again in May depends on three ...