Interest Rates
Philip Lane indicates European interest rates will continue to rise
European Central Bank’s chief economist says inflation must be reined in
Two further interest rate hikes in the near term are likely according to Philip Lane, chief economist at the European Central Bank (ECB).
Speaking on Monday ahead of a widely expected rate hike next week, Lane said the ECB had taken a staggered approach deliberately to the hikes, indicating that a further one could occur in May as well.
“We had to signal that it wasn’t a case of making one decision in December. We ...
