Inflation data for last month won’t provide answers to the European Central Bank’s lingering questions on underlying price pressures, according to Chief Economist Philip Lane. Speaking to Bloomberg’s Francine Lacqua on the sidelines of the ECB’s annual retreat in Sintra, Portugal, he joined President Christine Lagarde in signaling that another cut in interest rates in July is unlikely, calling for patience in collecting evidence that the ECB is heading toward its 2% inflation target.
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