ECB's Lane Defends Rate Hikes to Restore 2% Inflation

1 articles · Updated · Forex Factory · Aug 22

Philip Lane said sparing mortgage borrowers from higher ECB rates would be a “false economy” if it meant tolerating excessively high inflation.
The ECB chief economist argued policy should be set by what is needed to return inflation to the bank’s 2% target, while also taking account of economic activity.
Asked whether another rate increase could come by year-end, Lane declined to give a forecast and said future moves would remain data-dependent.