Economics

ECB Ready to Use All Tools Needed to Lift Inflation, Rehn Says

Officials are closely monitoring currency’s impact on prices
Some Governing Council members have raised option of rate cut

WATCH: The ECB is monitoring the euro and is ready to use all tools as needed, Olli Rehn tells Bloomberg.(Source: Bloomberg)

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By Carolynn Look, Matthew Miller, and Anna Edwards

January 28, 2021 at 8:04 AM UTC

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The European Central Bank is ready to use all the tools necessary to stimulate inflation, and is keeping a close eye on the euro’s appreciation, Governing Council member Olli Rehn said.

“We are certainly ready to use and adjust all our instruments as appropriate,” the Finnish governor said in an interview with Bloomberg Television. “We are closely monitoring developments in the exchange rate, especially regarding the inflation outlook.”