ECB's Lane: We will be agile on interest rates
|European Central Bank (ECB) Chief Economist Phillip Lane said on Tuesday that they will be agile on interest rates, per Reuters.
Key quotes
"We still have many degrees of flexibility to react to upside or downside shocks."
"We have a good degree of confidence at arriving at 2% inflation target, reserving flexibility on exact timeline."
"We have a dynamic now of transitioning back towards 2% target, have to be careful that converges rather than get stuck at some higher number."
"We look at exchange rate, it is one factor among many and fluctuations we are seeing are invisible in terms of inflation."
"One way to deal with uncertainty is a little bit of waiting, wait and make sure you're not taking a step you're going to regret."
Market reaction
EUR/USD stays under bearish pressure and was last seen losing 0.3% on the day at 1.0730.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.