ECB's Lane backs May rate hike with size depending on data

Kitco Media
By Reuters
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Reuters
FRANKFURT, April 18 (Reuters) - The European Central Bank's (ECB) chief economist on Tuesday backed a further interest rate increase at the ECB's next meeting on May 4 but said its size would depend on incoming data, especially a survey of euro zone banks. "As of now, two weeks away, I think the baseline is that we should increase interest rates in May but what we do in terms of scale, I'm not going to set a default number," Philip Lane said on Bloomberg TV. (Reporting by Francesco Canepa Editing by Mark Potter)

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