ECB's Lane Says Energy Price Effects Will Emerge Slowly as Rates Stay Open After 8 Cuts
Updated
Updated · Bloomberg · Jun 30
ECB's Lane Says Energy Price Effects Will Emerge Slowly as Rates Stay Open After 8 Cuts
2 articles · Updated · Bloomberg · Jun 30
Summary
Philip Lane said the inflation impact from higher energy prices will take time to feed through, signaling no immediate policy conclusion from the latest cost shock.
The ECB’s chief economist said policymakers are committed to “not boxing ourselves in” on interest rates and would not pre-commit to any set path.
Lane also declined to rule out another increase in borrowing costs, keeping tightening on the table even as the bank waits for second-round energy effects to appear.
His remarks reinforce a data-dependent ECB stance as officials weigh whether higher energy costs become a broader inflation problem before deciding the next rate move.