ECB's Lane: monetary policy should not remain restrictive for too long
Tweet
Share
E-mail
FILE PHOTO: Philip R. Lane Chief Economist, European Central Bank talks to Balazs Koranyi, Chief Correspondent, Reuters (not pictured) at the London Stock Exchange, London, Britain, June 17, 2024. REUTERS/Anna Gordon/File Photo
PARIS (Reuters) - The European Central Bank's monetary policy is not set to remain too restrictive for too long, the institution's chief economist Philip Lane told French newspaper Les Echos.
"Monetary policy should not remain restrictive for too long. Otherwise, the economy will not grow sufficiently and inflation will, I believe, fall below the target," he said, adding that the ECB would not commit to its exact easing rhythm in advance.
(Reporting by Tassilo Hummel; Editing by Makini Brice)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US employer healthcare costs set to rise 9.5% in 2027, Aon says
- Micron unveils $10 billion AI memory research lab in Boise
- UK statistics office revises up 2023 and 2024 growth estimates
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
