ECB’s Lane: ECB has data-dependent perspective on monetary policy

The European Central Bank (ECB) Governing Council member and newly appointed Chief Economist Philip Lane is on the wires now, via Reuters, speaking in Hong Kong about the central bank’s monetary policy.

Key Points:

ECB has acknowledged movement of risks towards the downside.

ECB to take a measured approach on incoming data.

Central bank will have new comprehensive forecasts in March.

ECB has data-dependent perspective on monetary policy.

Important to recognize ECB policy provides a lot of support.

Europe's domestic engine remains 'pretty strong'.