ECB's Rehn says easy policy, slow tightening still needed
NUSA DUA, Indonesia (Reuters) - The European Central Bank needs to keep its monetary policy easy while tightening slowly as underlying inflation in the euro zone remains weak and global risks such as protectionism loom, ECB policymaker Olli Rehn said on Thursday.
"Core inflation is still rather weak in the euro zone at around 1 percent, as it has been for the last couple of years, so an accommodative monetary policy is still needed in Europe," Rehn said.
(Reporting By Jan Strupczewski and Francesco Canepa; Editing by Simon Cameron-Moore)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Hungarian Gripen jet crashes, no injuries reported, PM Magyar says
- PM Burnham says UK must be 'bolder' in seeking closer EU ties
- Xiaomi launches new Xring chip, partners with TSMC for production, sources say
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share