ECB has not reached limits of monetary policy – Lane
The European Central Bank has not reached the limit of what it can do on monetary policy, its chief economist Philip Lane has said.
Despite unprecedented monetary easing, Professor Lane said the ECB still had further tools in its toolbox if needed, but added that they would depend on particular circumstances.
“Let me emphasise that we don’t think we’re at a limit as of yet,” chief economist Philip Lane, the former Central Bank Governor, told a Fortune conference in Paris.
“We do think that the bigger focus should be rather on what other policies can contribute to make this limits question less relevant, less interesting because the economy would be growing more quickly,” he added.