- ECB’s Lane: Inflation over 2% is costly for the economy
Market news
22 September 2023
ECB’s Lane: Inflation over 2% is costly for the economy
European Central Bank (ECB) Chief Economist Phillip Lane said early Friday, “inflation over 2% is costly for the economy.”
Additional quotes
Central banks try to hit inflation in the medium term.
Won't be speculating on future European Central Bank policy moves.
The most efficient wat to tighten monetary policy is via interest rates.
Market reaction
EUR/USD was last seen trading at 1.0640, down 0.15% on the day.
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