Lane kept the ECB’s options for September open however by saying that a return to the 2% target “is not yet secure.” ECB head Christine Lagarde has said the bank will decide rates meeting by meeting based on incoming data about the economy at the time.
Inflation dropped to 2.2% in Europe, clearing way for European Central Bank rate cut in September
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She says decisions will be based on incoming data on a meeting-to-meeting basis.
Inflation is down in Europe; the European Central Bank is in no hurry to make more rate cuts
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