European Central Bank (ECB) Chief Economist Philip Lane said on Wednesday, “ECB rates must rise if banking tension has no or ‘fairly limited’ impact.”

Additional comments

“Bank sector tensions are seen settling down; no reason to expect major problems.”

“Some early stage pricing in production showing signs of a turnaround.”

“Euro-area inflation is set to decline rapidly at the year-end.”

“Europe's banks have been prudent in their lending, the system is well capitalized and profitable.”

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