European Central Bank Chief Economist Lane considers September the next key moment for interest rate direction

European Central Bank Chief Economist Philip Lane stated that the ECB will assess its policy stance in September and may make adjustments. Lane, speaking at a panel discussion in Donegal, Ireland, said that when calibrating interest rates, policymakers will respond based on data released sequentially. He believes the eurozone economy is mainly supported by domestic demand and mentioned that the United States is not a dominant force in global trade. When asked how the ECB responds to geopolitical challenges it faces, Lane said: "Our job is more about reacting." He added that the ECB's response will be "neither an overreaction, nor an underreaction."