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 the latest core inflation data was somewhat disappointing and the ECB should gradually move to data-dependent rate guidance.
He further added that the ECB policy won’t take into account political situations, referring to Italy’s fiscal policies and proposal to increase the budget deficit to 2.4% of GDP.
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