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
- Iranian official urges Qatar to move detained pilots to hospital on land
- Romania adopts new measures to boost Danube waters to cool Cernavoda nuclear plant
- Texas seeks federal probe of airport washing facilities, Muslim group denounces move
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