The Zhitong Finance App learned that ECB chief economist Philip Lane said that the ECB will re-evaluate and possibly adjust its monetary policy position in September. Lane said at a forum held in Donegal, Ireland on Friday that when calibrating interest rate policies, policy makers will respond based on the latest published data. He believes that the Eurozone economy is mainly supported by domestic demand, and said that the US is not the dominant force in global trade. In response to how the ECB is dealing with the current geopolitical challenges, Lane said, “Our job is more about responding.” He added that the ECB's response would be “neither overreaction nor underreaction.”

The Zhitong Finance App learned that ECB chief economist Philip Lane said that the ECB will re-evaluate and possibly adjust its monetary policy position in September. Lane said at a forum held in Donegal, Ireland on Friday that when calibrating interest rate policies, policy makers will respond based on the latest published data. He believes that the Eurozone economy is mainly supported by domestic demand, and said that the US is not the dominant force in global trade. In response to how the ECB is dealing with the current geopolitical challenges, Lane said, “Our job is more about responding.” He added that the ECB's response would be “neither overreaction nor underreaction.”