Interest Rates
Philip Lane: ECB to make ‘judgement call’ on interest rates soon
Philip Lane said that he expected inflation to stabilise at 2 per cent in the next year
Decreasing inflation will soon allow the European Central Bank (ECB) to cut interest rates, according to its chief economist.
Speaking on the ECB Podcast, Philip Lane said that having reached 2.6 per cent in February, inflation would average at 2.3 per cent in 2024 – allowing the ECB to make a “judgement call” as it neared its 2 per cent target.
“At some point, the improvement in inflation will allow us to roll back some ...