- ECB’s Lane: Some of banking sector tensions have receded
Market news
18 April 2023
ECB’s Lane: Some of banking sector tensions have receded
Speaking on Bloomberg TV, the European Central Banker Philip R. Lane has stated that he will not commit to the size of a May rate increase just yet.
Key comments
Data show a reversal of supply shocks, as well as lower petrol prices.
The baseline is that we should raise rates in May.
Some of the banking sector's tensions have subsided.
The bank lending survey will be a critical input for the ECB.
We are very much in wait and see mode.
More to come..
Meanwhile, bank lending the survey will be released at the start of May, just ahead of the ECB meeting on May 4.
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