ECB chief economist Philip Lane told Bloomberg TV that it’s “unnecessary and premature” to talk about tapering the asset purchase program.
“We know from September there’s going to be a lot of things happening,” he added. “It’s not a turn on a dime situation where we’re going to know everything at a point in time, but of course we’ll know a lot more over the summer.”
“Going back to September, we will have new forecasts, but remember we have a very strong forecast for quarter three, but quarter three is not over until the end of September,” he added. “We’re not necessarily going to have every piece of hard data you want to have going into the September meeting.”
