ECB Governing council member Philip Lane said the policymakers need more data to decide whether the slowdown in Eurozone is due to global demand of a decrease in the amount of slack domestically.
He said:
“In terms of soft data and some of the hard data, the question is whether it is something just to acknowledge and accept as running out of room, versus a demand issue, which would trigger more questions,”
“But let’s see. Let’s see where we are. I think it’s too early to tell.”
“In June I think and next month possibly we will have much more recent data”
