ECB's Rehn: Eurozone core inflation remains subdued
He's really not happy about the inflation rate, isn't he?
- Eurozone growth not headed for a recession
- But region is to experience a slower growth phase
Not exactly pretty words from Rehn but it isn't anything that we haven't heard before from ECB governing council members in the past. EUR/USD sits at 1.1318 currently, still mired between large expiries between 1.1300-25.