Commenting on the prospects for monetary policy in an interview with the Financial Times (FT) on Tuesday, the chief economist of the European Central Bank (ECB), Phillip Lane, has said that “we could still lower the deposit rate if necessary”.
Additional comments:
“We are not at the lower limit in terms of rates“.
“The market he doesn’t think we will raise rates in 2-3 years“.
“There is room to do it through forward orientation.”
“We need to make sure that the yield curves do not advance ahead of the economy.”
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