ECB Is Gathering Data for Rate Decision in December, Lane Says

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While the ECB kept borrowing costs unchanged last month, officials are signaling a willingness to raise them again in December. Inflation quickened to double the ECB's 2% target in October, while third-quarter economic growth was solid, at 0.4%.

Officials decided it was time "to say, let's gather the information between now and December and see what we do in December," Lane said Friday in Frankfurt.

While the energy shock will spill over into other areas, monetary policy should try "to make sure that that process is contained," he said.

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