ECB’s Lane: Inflation over 2% is costly for the economy

European Central Bank chief economist Lane spoke earlier: Now in Q&A Central banks try to hit inflation in the medium term Inflation over 2% is costly for the economy Says won’t be speculating on future European Central Bank policy moves the most efficient wat to tighten monetary policy is via interest rates — EUR/USD is

Turkey begins rolling back costly FX-protected deposits By Reuters

© Reuters. FILE PHOTO: Woman holds Turkish Lira banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration ANKARA (Reuters) -Turkey’s central bank began rolling back on Sunday a growing and costly scheme that protects lira deposits from FX depreciation, marking another move toward more orthodox policies following a shift toward interest rate hikes. The