BREAKING NEWS

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

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)
Euronews logo
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.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.