ECB’s Lane: Euro depreciation will be important factor in shaping ECB projections 5 (1)

The big issue is not raising deposit rate from -0.50%, it is about normalisationI think Lane’s remarks above has made things rather clear. With the inflation report earlier today, there is little doubt that the ECB will look to angle things more aggressively or at least tee up a potential move in July. The fact that Lane isn’t pushing back on market expectations and instead is making mention to a weaker euro is quite a clear signal in my view.

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