Reported 8 months ago
The European Central Bank's Chief Economist Philip Lane stated that the recent financial turbulence in France does not warrant excessive concern as it is solely market repricing and not indicative of disorderly dynamics. Lane reassured that the ECB is focused on maintaining monetary policy transmission and will not tolerate unwarranted market disruptions. He also discussed the ECB's confidence in achieving the 2% inflation target by the second half of 2025 and suggested that while future rate cuts are possible, the next major policy discussion may happen after the summer break in September.
Source: YAHOO