FRANKFURT (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)
