The European Central Bank will scrutinize economic data when deciding how far to lower borrowing costs, and won’t spend too much time thinking about the so-called neutral rate that’s often touted as a guiding star,

Inflation is approaching the European Central Bank's 2% target, and how much lower the rates will go depends on data confirming inflation is converging towards that target in a sustainable manner, the bank's vice president told Slovak newspaper Hospodarske Noviny.

The European Central Bank should remain agile in setting monetary policy since inflation risks remain in both directions, according to Chief Economist Philip Lane.

Chief Economist, Philip Lane, has suggested that the bank needs to maintain flexibility in its monetary policy due to the continued risk of inflation in both directions.