ECB’s Rehn Sees More Grounds for December Interest-Rate Cut

The European Central Bank will continue to ease policy in the coming months, Governing Council member Olli Rehn told Finnish newspaper Helsingin Sanomat.

Inflation has slowed to the targeted 2% and euro-area economic growth is fragile, Rehn said in an interview. “These factors have added to the grounds for cutting the benchmark rate in December and this direction in monetary policy is set to continue into the coming months.”