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✉news BusinessBanking first seen 1 d ago, last 21 h ago, peak #6

ECB's Lane says weak growth may limit need for action

Original: ECB's Lane: Drags on growth may limit need for ECB action

Philip Lane, the European Central Bank's chief economist, said that drags on eurozone growth may limit how much the ECB needs to act on monetary policy. The remarks, carried widely across US regional newspapers, suggest a softer outlook could reduce pressure for further rate moves, with markets watching for signals on the bank's next policy decision.

Why now: Investors are watching ECB officials for hints on the direction of interest rates amid a weakening growth outlook.

Philip LaneEuropean Central Bankeurozone

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