© Reuters. FILE PHOTO: European Central Bank Chief Economist Philip Lane speaks during a Reuters Newsmaker event in New York, U.S., September 27, 2019. REUTERS/Gary He
FRANKFURT (Reuters) – Real interest rates in the eurozone have risen “quite a lot”, the European Central Bank’s chief economist said on Thursday, in comments suggesting he thinks part of the effort ECB’s anti-inflation completed.
“As for the interest rates that are important to the real economy, they have essentially gone up 200-250 basis points,” Philip Lane said at an event in Florence.
“I wouldn’t necessarily say that this is all that needs to be done but the idea (is) that the real rates at the relevant points in time have varied quite a bit.”