ECB chief economist Philip Lane said that the ECB will evaluate its policy position in September and may make adjustments. While attending a panel discussion in Donegal, Ireland, Lane said that when calibrating interest rates, policymakers will respond based on data released one after another. He believes that the Eurozone economy is mainly supported by domestic demand, and said that the US is not the dominant force in global trade. In response to how the ECB is dealing with the geopolitical challenges it faces, Lane said, “Our job is more about responding.” He added that the ECB's response would be “neither overreacting nor underresponding.”

ECB chief economist Philip Lane said that the ECB will evaluate its policy position in September and may make adjustments. While attending a panel discussion in Donegal, Ireland, Lane said that when calibrating interest rates, policymakers will respond based on data released one after another. He believes that the Eurozone economy is mainly supported by domestic demand, and said that the US is not the dominant force in global trade. In response to how the ECB is dealing with the geopolitical challenges it faces, Lane said, “Our job is more about responding.” He added that the ECB's response would be “neither overreacting nor underresponding.”