ECB's Philip Lane warns against raising hopes over future interest rate cuts 

His comments come as the cost of borrowing among eurozone governments falls after the US Federal Reserve softened its stance on interest rate cuts

Chief economist for the European Central Bank Philip Lane was speaking ahead a meeting of the bank next month where a rate cut is widely expected. 

Chief economist at the European Central Bank (ECB) Philip Lane has said it should "avoid" pre-commitments or fueling "unwarranted expectations" surrounding potential rate cuts as there is still great uncertainty in the economic outlook.

The ECB is set to meet next month where it is widely expected to make its first interest rate cut in nearly two years. However, policymakers have been increasingly careful to avoid any commitment beyond this first move.