ECB’s Lane: Central bank should hike rates by 25 bps increments

In an interview with Cinco Días, a Spanish business and finance newspaper, European Central Bank (ECB) Chief Economist Philip Lane said that the central bank remains committed to preventing financial fragmentation.

Lane said that the ECB should raise interest rates by 25 basis point increments in July and September.

Market reaction

EUR/USD is trading 0.27% higher on the day, currently hovering around 1.0750 amid a broadly weaker US dollar.

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