Speaking before Lane, ECB President Christine Lagarde said the ECB's interest rate hikes may be magnified if banks become more risk averse and start demanding higher rates when lending - likely implying the central bank would need to do less. But that's pretty much a tail scenario at this point in time," Lane told a conference on Wednesday. what happens when we get accelerator effects or things amplify each other. The ECB's chief economist Philip Lane said market jitters may turn out to be "a non-event" for monetary policy, or could affect it at the margins, but the odds on a crisis that completely rewrites the outlook remained long.
lenders go under and Swiss giant Credit Suisse need a last-minute rescue. Investors are pondering whether the ECB will be able to continue raising rates to fight inflation given turmoil in the banking sector that has seen two U.S.
FRANKFURT, March 22 (Reuters) - The European Central Bank will watch for signs of stress in bank lending from the ongoing financial turmoil but a full-blown crisis is unlikely for now, the ECB's top brass said on Wednesday.
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