11 Oct 2018
ECB's Rehn: Core inflation is rather weak, accommodative policy is still needed
The European Central Bank (ECB) policymaker and the head of the Bank of Finland - Olli Rehn, was out on the wires in the last hour, saying that core inflation is rather weak and accommodative monetary policy is still needed.
Additional quotes:
• Having room to manoeuvre monetary policy in the next economic downturn is part of ECB's resilience.
• Reasonable to assume that unconventional policy tools are permanently at our disposal.