ECB’s Rehn Says Slowing Inflation Firms Case for October Cut

Easing inflation pressures and a deteriorating euro-zone economy support the case for an interest-rate cut this month, European Central Bank Governing Council member Olli Rehn said.

“We have received further confirmation from recent statistical data that inflation is slowing down,” the Finnish central-bank chief said Tuesday. “This means, at least in my eyes, that there have been more grounds for lowering rates at our October meeting. The recent weakening of the euro area’s growth prospects tilts the scales in the same direction.”