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ECB's Rehn reaffirms June charge lower if there aren’t any inflation setbacks

  • If June evaluation confirms inflation convergence in the direction of goal, we may lower charges
  • This assumes there shall be no additional setbacks, as an illustration in geopolitics and vitality costs
  • Future charge choices will be sure that coverage stays sufficiently restrictive for so long as vital

This retains the ECB on observe for a charge lower in June, with subsequent month’s wages knowledge for Q1 set to solidify that outlook.

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

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