European Central Bank (ECB) Governing Council member Olli Rehn was on the wires in the last hour, via Reuters, expressing his take on the euro area economic recovery and the inflation outlook.
Key quotes
“Disappointing recent data, particularly in services, amplify downside risks.”
“Economic rebound weaker than expected.”
“Shape of recovery looks like ‘truncated square root’.”
“Inflation risks are on the downside.”
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