ECB's Rehn: Inflation expectations are stuck too low

Author: Justin Low | Category: Central Banks

Comments by ECB policymaker, Olli Rehn

  • Says Fed review conclusions must be evaluated
  • Hopes that ECB will adopt a 'clearly' symmetrical target
  • Says monetary policy strategy should be reviewed every five years going forward
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Nothing that really stands out from Rehn, as he is mainly just reaffirming the current situation. As for the current ECB strategy review, it was supposed to have been done by now but has been dragged to next year because of the virus crisis.

The headline supports the narrative that more easing action is to follow next month.

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