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Lane: Interview with Corriere della Sera
The rate hike in September was meant to increase confidence that the ECB would achieve its inflation target, so it was like taking out extra insurance, in a way. In light of recent, more encouraging data, is that extra insurance still warranted or can it be rolled back? The first point to make is that there has been progress on inflation in recent months. It is hard to be exact about the role of individual hikes, but of course the September interest rate hike has helped with that. By underlining that the ECB will maintain a restrictive policy, it has helped cool down inflation expectations and moderate price setting ... (full story)
Added at 1:15pm
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ECB RELEASES MEDIA INTERVIEW WITH PHILIP R. LANE
— Markets News (@MarketsDotNews) January 13, 2024
ECB'S LANE WARNS AGAINST RAPID CHANGES IN INTEREST RATES