(ANSA) - ROME, NOVEMBER 21 - "In December we will launch another hike of such dimensions as to continue progress towards the necessary level" of interest rates, and "I don't think it will be the last hike".
But "one of the conditions for considering a very substantial increase, such as 75 basis points, no longer exists".
ECB chief economist Philip Lane said so in an interview.
"We will have to look at the inflation outlook we have in December and consider that we are in a different situation now, and also recognize that there are delays in the process of passing through" the rate hikes, Lane said.
Lane also focused on quantitative tightening, i.e. the plan to begin reducing the ECB's exposure to bonds purchased over the years.
In December "we will define a roadmap, the general principles" which will then translate into a more precise plan which will allow the App portfolio (Asset Purchase Programme) to decrease at a certain rate in the coming months".
(ANSA).