ECB's Philip Lane says further interest rate hikes on the way

Chief economist acknowledged need for more increases after a half-point move pencilled in for March 16, but warned against policy on 'autopilot'

ECB chief economist Philip Lane: "The current information on underlying inflation pressures suggests that it will be appropriate to raise rates further beyond our March meeting" File picture: Sam Boal

ECB chief economist Philip Lane has said more interest rate increases are to come as the bank sees battlelines drawn over whether to further tighten policy or be cautious.

Mr Lane on Monday acknowledged the need for more increases after a half-point move pencilled in for March 16, but warned against policy on “autopilot".