ECB’s Lane :It is prudent to maintain meeting-by-meeting approach

European Central Bank (ECB) Chief Economist Philp Lane said in an MNI interview on Wednesday that “it is prudent to maintain meeting-by-meeting approach.”

Additional takeaways

Also prudent not to pre-commit to any particular rate path.

Disinflation process is well on track.

Domestic inflation should come down.

Financing conditions remain restrictive.

Determined to ensure that inflation stabilises at 2%.