Lane stresses broad consensus on ECB policy

Philip Lane
Philip Lane
www.junosnowdon.co.uk

Most members of the European Central Bank governing council agreed lower inflation and growth warranted new measures at the latest policy meeting, said ECB chief economist, Philip Lane, today (September 16).

The remarks come after a handful of national central bank governors expressed reservations over the decision.

In a speech in London, Lane explained he is convinced the new stimulus announced on September 12 will have a significant effect, boosting investment and consumption in the eurozone

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