ECB’s Lane: There is enough in what we see to start interest rate cuts

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ECB’s Lane: There is enough in what we see to start interest rate cuts
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In an interview with the Financial Times on Monday, European Central Bank (ECB) Chief Economist Phillip Lane said that “there is enough in what we see to start interest rate cuts.” Additional quotes I think we have been successful in getting inflation down in a timely manner.

In an interview with the Financial Times on Monday, European Central Bank Chief Economist Phillip Lane said that “there is enough in what we see to start interest rate cuts.” Additional quotes I think we have been successful in getting inflation down in a timely manner. But policy needs to remain in restrictive territory. Things will be bumpy and things will be gradual. But within the zone of restrictiveness we can move down somewhat.

Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. What is Quantitative Easing and how does it affect the Euro? In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions.

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