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ECB's Rehn: European development outlook is wanting considerably weaker than the US

  • We already have plenty of data to make our decision in September
  • Disinflation and a weak economy support a Sept cut
  • Downtrend in inflation is on track
  • We are still seeing strong services inflation
  • The disinflationary process has been ongoing since autumn 2022 and it’s still going on
  • Asked about 50 bps, says they always have to be open
  • Says he doesn’t want to commit to anything, data dependent

This article was written by Adam Button at www.forexlive.com.

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