BREAKING NEWS
This content is not available in your region

ECB's Lane says date of first rate hike depends on data

Access to the comments Comments
ECB's Lane says date of first rate hike depends on data
FILE PHOTO: European Central Bank Chief Economist Philip Lane speaks during a Reuters Newsmaker event in New York, U.S., September 27, 2019. REUTERS/Gary He   -   Copyright  GARY HE(Reuters)
Text size Aa Aa

NEWYORK (Reuters) – The date of the first post-crisis interest rate hike by the European Central Bank depends purely on economic data and effectively adjusts itself, the ECB’s chief economist Philip Lane said on Wednesday.

“This forward guidance is an automatic adjuster,” Lane said in New York. “If there is good news the date of rate lift-off will move forward, if there is bad news, the expected lift-off will move backwards.”

(Reporting By Balazs Koranyi; Writing by Francesco Canepa; Editing by Toby Chopra)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.