Interest rate cut won't be the end of stifling inflation, warns ECB’s Philip Lane

Chief economist says hikes would have come sooner if war impact was clearer

ECB chief economist Philip Lane at an event hosted by the Institute of International and European Affairs in Dublin

Donal O'Donovan

Next week’s anticipated interest-rate cut will not be “a declaration of victory” over the inflation that has dogged the economy since 2021, according to the chief economist of the European Central Bank (ECB).

Barring a shock in the coming days, policymakers are expected to start the process of reversing the 10 rate hikes of 2022 and 2023.