By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Philip Lane said on Thursday that the ECB would not pre-commit to automatic 25bp interest-rate cuts.
In an interview with Bloomberg, Lane, stressing the hypothetical nature of the question, said that ‘there’s no reason to say we’re always going to do the default 25bp moves.’
The ECB would not pre-commit to any particular rate path, he said.
US tariffs would not generate a recession in the Eurozone economy, according to Lane.
‘There is a markdown, but it is important to say it is a markdown to a little bit less’, he said. ‘It’s still a growing economy.’
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