ECB Sees Market Repricing But Not Disorderly Dynamics, Lane Says

-- The European Central Bank sees no reason to be overly concerned about recent financial turbulence in France, according to Chief Economist Philip Lane.Ukraine Bid for Global South Support Falters at Swiss Summit“What we’re seeing in the markets is, of course, a repricing,” he said on Monday at an event organized by Reuters in London. “It’s not, you know, the world of disorderly market dynamics.

President Christine Lagarde is in her native France on Monday and is likely to be quizzed on the topic when she speaks to reporters. Money markets are betting a follow up to this month’s quarter-point cut will come by October while the chance of a third reduction by year-end has risen to 75% from 25% a week ago.

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ECB Sees Market Repricing But Not Disorderly Dynamics, Lane SaysThe European Central Bank sees no reason to be overly concerned about recent financial turbulence in France, according to Chief Economist Philip Lane.
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ECB Officials See No Cause for Alarm Over France’s Market TurmoilEuropean Central Bank officials see no cause for alarm in the market turbulence that has engulfed France in the past few days, according to people with knowledge of the matter.
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