ECB's new guidance can boost inflation expectations, Lane says
Tweet
Share
E-mail
European Central Bank Chief Economist Philip Lane speaks during a Reuters Newsmaker event in New York, U.S., September 27, 2019. REUTERS/Gary He
FRANKFURT (Reuters) - The European Central Bank's new policy guidance can boost inflation expectations, paving the ground to higher interest rates down the line, the ECB's chief economist Philip Lane said on Thursday.
"The systematic approach to monetary policy embedded in rate forward guidance has the capacity to boost inflation expectations and thereby strengthen inflation dynamics," Lane said in a blog post.
"In turn, stronger inflation dynamics are the key to eventual normalisation of policy rates."
(Reporting By Francesco Canepa)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Canada's Unifor union, GM reach tentative agreements
- Gunmen abduct worshippers from Nigeria mosque, police say
- Two US tanker aircraft leave Bulgaria a month after deployment upset Iran
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!
