ECB plans to cut interest rates from next week, according to Chief Economist Philip Lane.
The European Central Bank (ECB) is preparing to cut interest rates from next week, according to ECB Chief Economist Philip Lane, as reported by the Financial Times. Lane said that "barring major surprises, at this point in time there is enough in what we see to remove the top level of restriction." The ECB will likely need to maintain policy in a restrictive state throughout 2024, Lane added.
May 27, 2024
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