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ECB Needs to Move Quickly From Negative Rates, Rehn Says

  • Euro-area inflation held at record rate of 7.4% in April
  • De Cos suggests consecutive hikes in the coming quarters
Olli Rehn
Olli RehnPhotographer: Roni Rekomaa/Bloomberg
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There’s broad agreement among members of the European Central Bank’s Governing Council that negative interest rates should end “relatively quickly,” according to Bank of Finland Governor Olli Rehn.

That’s to prevent inflation expectations from becoming de-anchored, Rehn said Wednesday in a speech in Helsinki, as data showed euro-area consumer-price growth held at a record 7.4% in April -- almost four times the ECB’s target.