ECB’s Rehn: Recent split in central bank decision-making has some effect on policy

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Reuters reports the latest comments by the European Central Bank (ECB) Governing Council member Olli Rehn, with the key headlines found below.

Recent split in central bank decision-making has some effect on policy.

FT story earlier is “greatly exaggerated” though.

Believes that Lagarde’s ‘team-building abilities’ should bridge split among members.

ECB still has some time before QE limits become a problem.

Earlier today, the Financial Times (FT) reported that the ECB’s monetary policy committee advised against resuming QE in a letter sent to Draghi. However, as the decision was announced last month, Draghi ignored the in-house advice on decision to restart QE.

Meanwhile, EUR/USD remains below the 1.10 handle, as the shared currency shows no reaction to the above comments heading into the ECB minutes due on the cards later today.

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