ECB should wait with next rate move until uncertainty recedes, Lane says

DUBLIN, June 11 (Reuters) – The European Central Bank should persist in restraining economic growth given the ample inflationary pressures and wait with its next rate cut until uncertainty recedes, ECB chief economist Philip Lane said on Tuesday.

The ECB cut rates last Thursday for the first time since 2019 but held back from any promise to follow up its move, even if ECB President Christine Lagarde suggested this was the first step in a series of cuts.

Source: REUTER