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ECB’s Rehn Wants July Rate Hike as Second-Round Effects Seen

  • Finnish central bank chief wants rates at zero ‘by autumn’
  • Governing Council member speaks in interview in Salzburg
Olli Rehn
Olli RehnPhotographer: Roni Rekomaa/Bloomberg

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The European Central Bank should start raising borrowing costs in July to prevent inflation expectations becoming de-anchored, said Governing Council member Olli Rehn.