ECB's Rehn: Core inflation is rather weak, accommodative policy is still needed

Haresh Menghani FXStreet

The European Central Bank (ECB) policymaker and the head of the Bank of Finland - Olli Rehn, was out on the wires in the last hour, saying that core inflation is rather weak and accommodative monetary policy is still needed.

Additional quotes:

• Having room to manoeuvre monetary policy in the next economic downturn is part of ECB's resilience.
• Reasonable to assume that unconventional policy tools are permanently at our disposal.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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