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 and said that market expectations on the timing of first rate hike are consistent with ECB statements.
Additional quotes:
“¢ Need for extended forward guidance will also diminish as inflation makes progress towards the target.
“¢ As monetary policy is normalised, ECB will gradually reduce non-standard policy measures.
“¢ Key interest rates will remain at their present levels until September 2019.
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