• ECB's chief economist Lane: Labor market and consumption remain strong in Europe, but manufacturing in an "asymmetric" slowdown

Market news

27 September 2019

ECB's chief economist Lane: Labor market and consumption remain strong in Europe, but manufacturing in an "asymmetric" slowdown

  • Recent decision was not a dramatic policy move but a recalibration
  • Important that ECB responds to significant deviation of inflation from target
  • Weakness in Germany is result of concentration in manufacturing, not a reflection of broader problems

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