ECB’s Lane: Beyond May 4 meeting, further rate hikes will depend on data
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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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