European Central Bank Chief Economist Philip Lane stated on Monday that consumer confidence across the euro area has been "subdued" since the start of the war in Ukraine and noted that the bank's meeting-by-meeting approach to monetary policy remains crucial to navigating potential geopolitical and economic uncertainties.
"Remaining open-minded about the speed and scale of adjustments is in fact a valuable strategy across various environments, as different situations may necessitate distinct approaches," Lane said in the speech at the Bank of England Watchers' Conference, ahead of the ECB's policy meeting next month.
