ECB's Rehn: Rate tiering provides us with more space for further rate cuts

Eren Sengezer FXStreet

Commenting on the European Central Bank's monetary policy decisions announced yesterday, European Central Bank policymaker and Finnish central bank chief Olli Rehn said that the ECB's policy package was a response to the shortfall in inflation, per Reuters.

"The rate tiering provides us with more space for further rate cuts if necessary," Rehn added.

The EUR/USD pair retreated from its daily highs on these comments and was last seen trading at 1.1092, where it was still up 0.27% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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