Economics

ECB May Need More Clarity to Take Next Policy Steps, Rehn Says

‘Possible’ to make first decisions on PEPP at Dec. 16 meeting
Some weeks may still be needed to assess worsening pandemic

Olli Rehn
Photographer: Roni Rekomaa/Bloomberg

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By Carolynn Look and Kati Pohjanpalo

December 8, 2021 at 11:43 AM UTC

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The European Central Bank may need more time to determine its next policy steps as the omicron strain of Covid-19 and new pandemic restrictions weigh on the euro area’s economic recovery, according to Governing Council member Olli Rehn.