ECB’s Lane: If there is big movement in euro currency, it would be relevant for policy

  • A really big move would matter for CPI forecast
  • But these are not big movements
  • Do not think policy divergence with the Fed is any more of an issue than it was before
  • The peak effect of rates on inflation hasn’t occurred yet

He’s offering plenty of remarks today, covering a broad range of topics. But the bottom line is that they are still going to be data-dependent, waiting to see if they can cut rates again in September next.

This article was written by Justin Low at Source