The European Central Bank must take its time to get interest rate cuts right, the institution’s chief economist told CNBC, adding that companies should take a hit on profits to allow real wages to rise without fueling inflation. “A lot of evidence is accumulating, but what’s also fair to say is that the transition from this holding phase, we’ve been on hold since last September since a substantial hiking cycle, we do have to take our time to get that right, from holding to dialing back restrictions,” Philip Lane told CNBC’s Steve Sedgwick on Thursday. Lane said the euro zone central bank’s March meeting ...
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