ECB’s Rehn: Eurozone growth not headed for a recession

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Reuters reports the latest comments from the ECB Governing Council member Olli Rehn, with the key headlines found below.

Central bank should conduct a systematic review of policy strategy.

Unconventional tools have failed to have their desired effect.

Interdependence of growth and inflation seem to have weakened.

That has eroded ECB’s impact on prices via demand.

Trust in central banks’ ability to influence inflation rate may have eroded.

Eurozone growth not headed for a recession.

But region is to experience a slower growth phase.

Eurozone core inflation remains subdued.

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