ECB’s Lane: Last week’s rate cut aimed at anchoring expectations, avoiding prolonged undershoot

ECB Chief Economist Philip Lane emphasized that last week’s rate cut was a strategic step to ensure inflation remains on track toward the 2% target over the medium term. He argued that, without this move, the “projected negative inflation deviation” over the next 18 months could have risked becoming entrenched. In a speech today, Lane […]

The post ECB’s Lane: Last week’s rate cut aimed at anchoring expectations, avoiding prolonged undershoot appeared first on Action Forex.