Economy

ECB will know ‘a lot more’ to make rate cut decision by June, Philip Lane says

ECB chief economist said the lender will have a clearer view on price growth in the second quarter

Philip Lane said that there’s been progress on disinflation, but that officials are focusing on services prices in particular. Picture: Fergal Phillips

Philip Lane, the chief economist of the European Central Bank (ECB), said policymakers will have a clearer view of progress on disinflation by the time they meet in June.

“We think in quarters from a macro point of view, so I wouldn’t overanalyse April versus June,” the Irishman said Thursday in a CNBC interview.

“I think Q2 is a time when we will be far enough into 2024 to see more of the wage dynamic, ...