ECB's Rehn: Sees first rate hike in Q4 2019 if economic outlook holds

Further comments by ECB member Olli Rehn on the day

• Markets appear to be reading ECB's forward guidance correctly

Well, when you say "through the summer of 2019" as many times as the ECB has over the past few months then surely the people will get the message. Markets are not pricing in the first rate hike by the ECB until September 2019 at the moment. But again, all this hinges on the economy and the inflation outlook holding up.