ECB not using neutral rate estimate to decide policy, Lagarde says

FRANKFURT, June ‌22 (Reuters) - ​The ​European Central Bank's estimate for ‌the neutral interest rate, ⁠which neither stimulates nor ‌slows growth, is ‌not used as an explicit goalpost by ​policymakers when setting interest rates, ECB ⁠President Christine Lagarde said on Monday.

ECB ​chief economist Philip Lane earlier said the ​neutral rate ‌is somewhere between 1.75% and 2.50%, ⁠a touch higher than earlier thought and ⁠this has raised some talk ​among ECB watchers that the ECB could still raise ‌its 2.25% deposit rate one more ‌time without ⁠leaving the ‌neutral range.

(Reporting ​by Balazs Koranyi; Editing by Andrew ‌Cawthorne)

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