ECB Governing Council member Philip Lane said earlier today that there will be only be “reasonably small adjustments” in the upcoming economic forecasts in March. And, the “downward revisions in data to mean a slower path of normalization”.
But he believed the current strategy can “cater to limited downside revisions” and the “forward guidance can accommodate revision to the projections. Currently, ECB maintained that interest rates will stay at present levels at least through Summer of 2019.
Lane is currently the only candidate to replace ECB chief economist Peter Praet from June.
