ECB's Lane: Avoiding Rate Hikes To Spare Mortgage Borrowers Would Be “False Economy”
By David Barwick – FRANKFURT (Econostream) – European Central Bank Chief Economist Philip Lane on Tuesday pushed back against the idea that the ECB should refrain from raising interest rates because of the resulting burden on mortgage borrowers, saying tolerating excessively high inflation as a consequence would be a "false economy."
18 August 2026