- ECB’s Lane: Beyond May 4 meeting, further rate hikes will depend on data
Market news
25 April 2023
ECB’s Lane: Beyond May 4 meeting, further rate hikes will depend on data
European Central Bank (ECB) Chief Economist Philip Lane said on Tuesday, “current data suggest we have to raise interest rates again at the upcoming meeting.”
“Beyond May 4 meeting, further rate hikes will depend on data,” Lane clarified.
Additional comments
“This is still not the right time to stop raising rates.”
“Does not think that Europe is in a 70's style situation with regards to inflation.”
Market reaction
EUR/USD is keeping its consolidative mode intact at around 1.1050, as of writing. The pair is adding 0.10% on the day.
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