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ECB's Lane: If baseline projection persists, it will be appropriate to raise rates further
Since cut-off date for March projections, incoming data have been mixedBut if baseline persists, it will be appropriate to raise rates furtherBy bringing rates to a sufficiently restrictive level and fostering a period of below-trend growth through dampening demand, we will counteract above-target medium-term inflation pressuresThat's a very big roundabout way of justifying their motive for raising rates further in the next meeting. Whether or not that involves a 25 bps or a 50 bps rate hike is...
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Posted: Apr 19 2023, 10:48
Author Name: forexlive
Views: 082080
