ECB‘s Lane supports market expectations of an interest rate hike - Nikkei
European Central Bank (ECB) Chief Economist Philip Lane said in an interview with Nikkei, "I don't think the market needs some kind of extra guidance from us,” when asked about speculation of an interest rate hike by the central bank. Lane added, "The ECB expects indirect effects beyond energy prices."
Market reaction
No immediate impact on the Euro (EUR) after ECB Lane's comments. In the European trade, EUR/USD turns flat at around 1.1640 after recovering early losses as the US Dollar falls back.
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