European Central Bank Governing Council member Olli Rehn, governor of the Finnish central bank spoke in an interview with Finnish newspaper Helsingin Sanomat on Sunday.
Rehn says the European Central Bank should take a flexible approach on interest rate decisions in the meetings ahed.
Rehns said there are more downside risks to EU-zone inflation stemming from
a stronger eurocheaper energyeasing of core inflationthe damage trade-policy has caused to the global economyHe said euro area economic shocks "are now more complicated than before and there’s great uncertainty over inflation, which calls for flexibility in reacting to shifts in the economy.”
His ECB outlook:
Governing Council is not pre-committed to any rate path and keeps full freedom of maneuverRate decisions are taken meeting by meeting, based on the latest available dataeconomic growth has held upinflation stabilizedno reason to be complacent in the euro area---
The ECB is widely expected to leave its rates unchanged at 2% at its next meeting (September 10 and 11), after its hold decision in July.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about ecb s rehn sees downside risks to inflation urges flexibility no preset rate path was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( ECB’s Rehn sees downside risks to inflation, urges flexibility, no preset rate path )
Also on site :
- The 2025 Billboard K-Pop Artist 100
- ‘It’s all because of Putin’: RT drops Christmas song spoof (AI VIDEO)
- Steal a Brainrot cancels this week's Taco Tuesday for special Christmas event