ECB Chief Economist Raises Neutral Rate Corridor Upper Bound to 2.50% on June 18

According to ECB Chief Economist Philip R. Lane, on June 18, the upper bound of the eurozone's neutral rate corridor has been raised from 2.25% to 2.50%. Lane stated that the central bank's neutral rate estimates apply to final rate levels following the end of economic shocks, and referenced a range of neutral rate models in making the adjustment.
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