ECB's Lane: Further Rate Hikes Justified Even Under Milder Outlook
ECB Chief Economist Philip Lane stated that additional rate increases remain warranted to contain inflationary pressures, even if the economic outlook softens.
EURUSD
European Central Bank (ECB) Chief Economist Philip Lane said that further interest rate hikes are still justified, even under a milder economic scenario. The central bank remains committed to a restrictive policy stance to counter the inflationary impact of the energy shock.
Lane's remarks underscore the ECB's determination to keep tightening monetary policy as long as price pressures persist. No specific timeline or size of future moves was provided in the statement.
Source: FXStreet Forex News