ECB’s Lane on why the ECB is cutting into a sticky-inflation slowing economy
After months of easing, the Governing Council decided that 2.00% is the magic number—the “neutral” rate where they can sit back and let the economy hum. But if you listened to Philip Lane today, the humming sounds more like a sputter. Lane’s presentation at the CBI workshop was a masterclass in saying “we are done cutting” while simultaneously showing…











