Philip Lane’s comments are likely to cement expectations for more ECB hikes after March – which investors have been betting on for weeks amid stronger data and hints from other policy-makers
The European Central Bank is likely to increase its interest rates further in the coming months to fight high inflation in the euro zone even if there are some signs that price pressures are easing, the ECB’s chief economist said on Monday.
“The current information on underlying inflation pressures suggests that it will be appropriate to raise rates further beyond our March meeting,” he added. Investors expect the central bank for the 20 countries that share the euro to increase the rate it pays on bank deposits from 2.5 per cent currently to 4 per cent by the end of the year.
“The heatmap suggests still strong inflationary pressures, but some signs of easing are emerging,” Lane said.
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