The European Central Bank (ECB) policymaker and the head of the Bank of Finland – Olli Rehn, was out on the wires in the last hour, saying that core inflation is rather weak and accommodative monetary policy is still needed.
Additional quotes:
“¢ Having room to manoeuvre monetary policy in the next economic downturn is part of ECB’s resilience.
“¢ Reasonable to assume that unconventional policy tools are permanently at our disposal.
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