ECB’s Rehn: “I am concerned about Eurozone economy but we are not forecasting any recession”

Dhwani Mehta FXStreet

The European Central Bank (ECB) Governing Council member Rehn is reported by Reuters, as saying that “I am concerned about the Eurozone economy but we are not forecasting any recession”.

He added: “We are ready to act as appropriate unless there is an improvement in economic conditions.”

Additional Comments:

Euro area is facing short-term challenges now, mostly linked to trade tensions.

ECB's main goal is to make sure we meet price stability target.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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