Economics
ECB Should Hike in July and Get Rate to Zero Soon, Rehn Says
- Finnish governor is one of more dovish policy makers
- Remarks add voice for hike after week of global tightening
Olli Rehn
Photographer: Roni Rekomaa/BloombergThis article is for subscribers only.
One of the European Central Bank’s more dovish officials spoke out in favor of an interest-rate increase in July, suggesting a growing shift on the Governing Council toward such a move.
Olli Rehn, the Bank of Finland governor and a former European Union commissioner for economic affairs, added that the euro zone should aim to exit subzero monetary policy by the fall, signaling a subsequent move in September.