ECB to cut further if there’s progress on inflation

“Conditional on making progress in moving towards our targets, I think more cuts will happen,” chief economist Lane said. — Reuters

DUBLIN: More progress towards the European Central Bank’s (ECB) 2% inflation target could provide grounds to lower interest rates further following last week’s initial cut, says chief economist Philip Lane.

“Conditional on making progress in moving towards our targets, I think more cuts will happen,” Lane told an event in Dublin.