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ECB's Lane says bank should focus on future risk for policy decisions, FT reports

BY Reuters | ECONOMIC | 12/02/24 12:18 AM EST

Dec 2 (Reuters) - The European Central Bank should make future monetary policy decisions that are driven by upcoming risks rather than being backward-looking, ECB chief economist Philip Lane told the Financial Times in an interview published on Monday.

"Once ... the disinflation process (is) completed, then I think monetary policy needs to be essentially forward-looking, and to be scanning the horizon for what are the new shocks that might lead to less or more inflation pressure," Lane told the FT in a podcast interview recorded before Eurostat data was published on Nov. 29. (Reporting by Shubham Kalia in Bengaluru; Editing by Christopher Cushing)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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