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ECB preparing for a “sequence” of rate hikes: Lane
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Abstract：FRANKFURT (Reuters) – As euro zone inflation settles at levels around the European Central Banks 2% target, interest rates hikes are likely but the exact timing of the first move is not the most relevant issue, ECB chief economist Philip Lane said on Thursday.
div classBodysc17zpet90 cdBBJodivpFRANKFURT Reuters – As euro zone inflation settles at levels around the European Central Banks 2 target, interest rates hikes are likely but the exact timing of the first move is not the most relevant issue, ECB chief economist Philip Lane said on Thursday.p
p“I think its clear that at some point were going to be moving rates, not just once, but over time, in a sequence,” Lane told a conference at think tank Bruegel. pdivdivdiv classBodysc17zpet90 cdBBJodiv
pLane said that the entire process of normalisation and level of the neutral policy rate is a bigger issue than the date of liftoff.p
p
pp Reporting by Balazs Koranyi Editing by Jon Boylep
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