ECB chief economist defends rate rise as eurozone inflation stays above target
The European Central Bank's chief economist has described the bank's latest interest rate increase as a measured adjustment, after policymakers raised borrowing costs by a quarter of a percentage point. Philip Lane said the move came in response to a significant inflation problem, with eurozone inflation still running above the bank's 2% target. He made the comments at the Dublin Economic Workshop's annual conference in Wexford.The ECB lifted rates from 2.25% to 2.5% in a decision announced the previous day. Lane said energy prices were at the centre of the move, and argued that governments should respond to inflation pressures... [Continue Reading]
360LiveNews | 11 Sep 2026 19:00 LONDON
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