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We need to ‘take our time’ to get rate cuts right

Philip Lane, chief economist of the European Central Bank (ECB), gestures as he delivers a speech on monetary policy at Bloomberg’s European headquarters in London, U.K., on Monday, Sept. 16, 2019.

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The European Central Bank must take its time to get interest rate cuts right, its chief economist, Philip Lane, said Thursday.

“A lot of evidence is accumulating, but what’s also fair to say is that the transition from this holding phase, we’ve been on hold since last September since a substantial hiking cycle, we do have to take our time to get that right, from holding to dialing back restrictions,” Lane told CNBC’s Steve Sedgwick.

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