ECB Finds No Clear Case to Hike Yet on Lane’s Data Dashboard

The array of data the European Central Bank is scrutinizing to pinpoint economic damage from the Iran war is signaling that there’s no cast-iron case to lift interest rates just yet.

As policymakers in Frankfurt kick off a two-day monetary-policy meeting, the dashboard Chief Economist Philip Lane will lean on to formulate a response to soaring energy costs is proving inconclusive — meaning borrowing costs will most likely be kept at 2% for now.