ECB's Rehn: Inflation is gradually converging to target

Haresh Menghani FXStreet

ECB governing council member Olli Rehn, commenting on today's flash Euro-zone CPI print, said that Euro-area inflation is gradually converging to target, though inflation just above 1% reflects weak domestic price pressure.

Additional quotes:

• Expects 'mild rebound' in growth in Q4.
• Prospects for returning to conventional interest rates, balance sheet have strengthened.
• Natural rate significantly lower than before crisis.
• Emphasises need for gradual steps.

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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