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ECB's Lane: Forward guidance has been and continues to be an effective monetary policy tool

1 month ago   |   By FXCM

"Evidence suggests that the ECB's rate forward guidance has been and continues to be an effective monetary policy tool," European Central Bank's chief economist Philip Lane said in his prepared remarks delivered at the 2020 US Monetary Policy Forum on Friday.
Key takeaways
"The governing council is closely monitoring the risk that the impact of negative rates on bank profitability may impair the transmission of monetary policy to the real economy."
"Lower real rates reduce the available policy space to counter low inflation."
"This may increase the time it takes for inflation to return to...
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