ECB’s Lane says rates to rise further after March increase
The European Central Bank’s chief economist said on Monday that the Bank will likely need to increase borrowing costs further after next week’s planned hike.
In a speech at Trinity College Dublin earlier, Philip Lane said: "The current information on underlying inflation pressures suggests that it will be appropriate to raise rates further beyond our March meeting, while the exact calibration beyond March should reflect the information contained in the upcoming macroeconomic projections, together with the incoming data on inflation and the operation of the monetary transmission mechanism."
The ECB has already signalled that it will lift rates by 0.5% at its meeting on 16 March.