ECB’s Lane Says Upper Range of Neutral Has Crept Up to 2.5%

European Central Bank Chief Economist Philip Lane said the neutral rate of interest could be as high as 2.5%, suggesting another hike won’t yet act as a brake on the...

By Nick Heubeck · Bloomberg Markets

European Central Bank Chief Economist Philip Lane said the neutral rate of interest could be as high as 2.5%, suggesting another hike won’t yet act as a brake on the economy.