May 10, 2018 / 10:36 AM / 10 months ago

ECB's Lane sees no dramatic move in rates in coming years

FILE PHOTO: Philip Lane, Governor of the Central Bank of Ireland speaks at a Reuters Newsmaker event in London, Britain October 28, 2016. REUTERS/Toby Melville

DUBLIN (Reuters) - Interest rates are unlikely to move dramatically in the coming years, European Central Bank Governing Council member Philip Lane said on Thursday.

“I don’t think monetary policy rates are going to move dramatically in the years to come. The market doesn’t think monetary policy rates are going to move dramatically,” Lane told an Irish parliamentary committee.

Investors are wondering whether weaker growth and inflation in the euro zone this year will test the ECB’s resolve in dialling back its aggressive stimulus measures.

Reporting by Padraic Halpin, editing by Larry King

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