ECB’s Lane says it takes time for monetary easing to have an impact

European Central Bank Chief Economist Lane

• economy is still recovering
• expects investment to pick up this year
• eurozone economic growth 1.1% in 2024, expects a firmer economic recovery in 2025
• it takes time for monetary easing to impact and take effect
• savings rate in eurozone to decline, though not dramatically
• expects strong employment and wage growth – will support consumption
• services inflation will decline in the months ahead
• if inflation stabilises around 2% rates will go to neutral

Earlier this week:

• ECB’s Lane says further monetary policy easing is likely

This article was written by Eamonn Sheridan at www.forexlive.com.