Economics
Euro-Area Slowdown Is No Longer Temporary, ECB’s Rehn Says
- Policy maker says ECB ready to take further action if needed
- QE limits have ‘certain degree of flexibility,’ can restart it
Olli Rehn, governor of the Bank of Finland
Photographer: Roni Rekomaa/BloombergThis article is for subscribers only.
The slowdown in the euro-area economy should no longer be considered a “temporary dip” and the European Central Bank should prepare in case it gets worse, according to Governing Council member Olli Rehn.
“Growth in the euro area has slowed significantly recently,” the Finnish governor told Boersen-Zeitung in an interview published Thursday. “We cannot deny that there are doubts among market participants and the public about the ability of the central bank to achieve the price stability target.”