DUBLIN, Jan 12 (Reuters) – Recent inflation data supports the current positioning of the European Central Bank (ECB), which does not anticipate short-term rate cuts, Philip Lane, chief economist, said on Friday. of the ECB.
“(The December inflation figure) largely confirms our diagnosis made during the December meeting and our economic projections. On this basis and depending of course on the flow of new data, (interest rate cuts) are not a short-term issue,” Philip Lane said at an event in Dublin.
“Once we gain sufficient confidence in our ability to achieve our 2% inflation goal, the issue of rate cuts will come to the fore again. But for now, we only have guesswork, and “We will have to wait for new data to be published before going further.” (Reporting Padraic Halpin, French version Corentin Chappron, edited by Sophie Louet)
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