ECB's Rehn: It is smart to proceed with fee cuts

• By the center of summer time, we needs to be leaving restrictive territory
• The path of charges is evident, progress outlook has weakened
• There are many issues on geopolitical developments
• Trade fee has an impression on inflation however ECB has no coverage goal on forex

This simply serves to reaffirm the diverging paths between the ECB and the Fed in the mean time. Rehn’s feedback are in keeping with the outlook for the central financial institution as we begin the brand new 12 months.

This text was written by Justin Low at www.ubaidahsan.com.



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