ECB Chief Economist Philip Lane states the bank will not pre-commit to a specific rate path for future monetary policy decisions, adopting a "data-dependent and meeting-by-meeting approach".
ECB Chief Economist Philip Lane says the bank will not pre-commit to a specific rate path for future monetary policy decisions. The ECB will take a "data-dependent and meeting-by-meeting approach" due to ongoing uncertainty. Despite policymakers signaling a likely interest rate cut at the June 6 decision, the future path remains unclear. Lane emphasizes domestic considerations as the primary focus when setting policy.
May 02, 2024
4 Articles