ECB’s Lane: There will be more precise rate hike debate next summer

The ECB's Governing Council member Philip Lane was out on the wires in the last hour, saying that the ECB expects inflation pressure to pick up through 2020. 

Additional Quotes:

   •  As of today, aggregate inflation pressure isn't that strong.
   •  ECB has a robust forecast, the strategy isn't fragile.
   •  There will be more precise rate hike debate next summer
   •  He stands ready to serve on the ECB board next year if needed.
   •  Italy's budget plans will be analyzed.

He also touched upon the recent hot topic of trade tariffs/emerging market crisis and said:

   •  A severe trade war would have a big negative impact.
   •  Watching emerging markets could cause stress.