ECB's Lane: Growth Woes May Limit Need for Further Policy Tightening
Philip Lane, the European Central Bank's chief economist, stated that surging energy costs, higher yields, and shrinking budget support could weigh on economic growth, potentially limiting the need for further policy tightening to control price pressures.
Surging energy costs, higher yields and shrinking budget support could all weigh on economic growth and may limit how much the European Central Bank needs to tighten policy to curb price pressures, Philip Lane, the bank's chief economist, said. The ECB has raised interest rates twice this summer as…