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ECB'S LANE: IMPACT OF POLICY TIGHTENING IS STILL UNFOLDING

Alan xi
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European Central Bank chief economist Philip Lane said on Thursday that the impact of monetary policy tightening is still unfolding and added that there is a continued transmission of interest rate hikes to broader financing conditions, per Reuters.

Earlier in the day, ECB policymaker Pablo Hernandez de Cos said that the next policy move will be a rate cut but noted that they still need some time to figure out the exact timing of the policy pivot


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