Aug 23, 08:42 AM

ECB’s Rehn Says Further Rate Cut Unwarranted as Inflation Hits 2%

European Central Bank Governing Council member Olli Rehn said the institution sees no need to deliver an additional “insurance” interest-rate cut after euro-area inflation fell to the ECB’s 2% target and growth prospects improved modestly. Rehn told reporters that policy makers prefer to wait for clearer evidence that downside risks to prices or activity are materialising before adjusting borrowing costs further, adding that current inflation is "in a good place."

#Olli Rehn #Rehn

Written with ChatGPT .

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Zoe Schneeweiss@ZSchneeweiss
1 year ago
ECB ‘insurance cut’ not needed with inflation at 2%, Rehn says https://t.co/gsl99G3Zq4 via @jrandow https://t.co/b38Kdsa7vx
Bloomberg@business
1 year ago
The European Central Bank is in no rush to lower interest rates further after inflation hit its 2% target and with the economy performing slightly better than thought, according to Governing Council member Olli Rehn https://t.co/Bwofup5m9X
FinancialJuice@financialjuice
1 year ago
ECB's Rehn: Inflation is Fine for Now in a Good Place

ECB’s Rehn Says Further Rate Cut Unwarranted as Inflation Hits 2%

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