Central Banks
ECB’s Rehn Says Growth Risks Bolster Case for September Cut
- Investors see rates being cut for second time next month
- Finnish central bank chief speaks at event in New York
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Increasing risks to Europe’s growth outlook have reinforced the case for a policy adjustment when the European Central Bank meets next month, according to Governing Council member Olli Rehn.
“In my view, the recent increase in negative growth risks in the euro area has reinforced the case for a rate cut at the next ECB monetary policy meeting in September — provided that disinflation is indeed on track,” the Finnish central bank chief said Monday at an event in New York.