ECB's Lane Defends Rate Rise From 2% as Inflation Stays Above Target
Updated
Updated · Bloomberg · Jun 19
ECB's Lane Defends Rate Rise From 2% as Inflation Stays Above Target
3 articles · Updated · Bloomberg · Jun 19
Summary
Philip Lane said it would have been very hard for the ECB to keep rates at 2%, arguing this month’s increase was clearly justified.
Above-target inflation drove that view, while resilience in the euro-zone economy and financial system reduced the case for holding borrowing costs steady.
Lane made the remarks Friday at the Natixis International SSA conference in Paris, reinforcing the ECB’s rationale for tightening despite concerns about growth.