Central Banks
ECB’s Rehn Sees Direction Clear on Rates as Prices Stabilize
- Data to determine speed and scale of the interest-rate cuts
- Finnish official also warns of dangers from US trade policy
Olli Rehn
Photographer: Kent Nishimura/BloombergThis article is for subscribers only.
European Central Bank interest rates will continue to head lower as inflation starts to stabilize around the 2% goal, according to its Governing Council member Olli Rehn.
“The direction of our monetary policy is now clear,” Rehn said Tuesday in Helsinki. “The speed and scale of the rate cuts will be determined in each meeting on the basis of incoming data and comprehensive analysis.”