ECB Will Need to Be Restrictive All Year Long, Lane Says

-- The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist Philip Lane.India’s Markets Brace for Selloff as Modi’s Poll Goals in DoubtChina’s Housing Rescue Has a Poor Track Record in Pilot Cities

“Next year, with inflation visibly approaching the target, then making sure the interest rate comes down to a level consistent with that target — that will be a different debate,” Lane said. A scarcity of low-risk assets in China's financial sector is obstructing the central bank's plans to make its monetary policy toolkit more efficient with a return to the treasury bond market after a 17-year hiatus. Taking its cue from an October 2023 speech by President Xi Jinping, the People's Bank of China pledged recently to add treasury bond buying and selling to its toolkit, to improve an increasingly flawed monetary policy transmission mechanism.

Mom Sentenced in Death of 4-Year-Old Daughter Who Was Fed Mountain Dew in a Bottle, Causing Her Teeth to Rot Conjoined Twins Abby and Brittany Hensel Share Intimate Wedding Photos — Backed by a Taylor Swift Song!Cannes Film Festival: Colleagues Defend Usher After Kelly Rowland Red Carpet Confrontation

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Brazil Central Bank Sees More Restrictive Rates After Split Monetary Policy VoteBrazil’s central bank said more restrictive rates are needed to fulfill its commitment to hitting the inflation target, according to the minutes to its split decision on borrowing costs that rattled investors.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Fed's Goolsbee says US interest rates are 'relatively restrictive'Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Fed’s Daly Says ‘More Time’ Needed for Restrictive Rates to WorkFederal Reserve Bank of San Francisco President Mary Daly said interest rates are currently restraining the economy, but it may take “more time” to return inflation to their goal.
Source: BNNBloomberg - 🏆 83. / 50 Read more »