ECB’s Lane says real rates have already risen ‘quite a bit’

By:

Published: Dec 1, 2022, 18:21 UTC

FRANKFURT (Reuters) - Real interest rates in the euro zone have already risen "quite a bit", the European Central Bank's chief economist said on Thursday, in comments suggesting he thought part of the ECB's inflation-fighting efforts had been completed.

European Central Bank Chief Economist Philip Lane speaks during a Reuters Newsmaker event in New York

FRANKFURT (Reuters) – Real interest rates in the euro zone have already risen “quite a bit”, the European Central Bank’s chief economist said on Thursday, in comments suggesting he thought part of the ECB’s inflation-fighting efforts had been completed.

“For the rates that matter for the real economy there has been basically a 200-250 basis points increase in real interest rates,” Philip Lane told an event in Florence.

“I’m not necessarily saying this is all that needs to be done but the idea (is) that real rates at the relevant horizons have moved quite a bit.”

(Reporting By Francesco Canepa; Editing by Chris Reese)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: