Connect with us
menu

Popular World News

ECB determined to act on medium-term inflation outlook: Rehn By Reuters

ECB determined to act on medium-term inflation outlook: Rehn By Reuters

ECONOMIC NEWS

ECB determined to act on medium-term inflation outlook: Rehn By Reuters

[ad_1]


(Reuters) – Finnish central bank governor Olli Rehn said on Monday that the European Central Bank’s Governing Council was determined to act if the medium-term inflation outlook continues to fall short of its target of below but close to 2%.

“Despite the stronger labor market and accelerating wages, inflationary pressures remain muted, and indicators of inflation expectations have declined with the weakening economic outlook,” Rehn, a Governing Council member, said in a speech published by the central bank.

“A significant degree of monetary stimulus continues to be necessary to ensure that financial conditions remain very favorable and to support euro area growth and domestic price pressures,” he said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



[ad_2]

Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in ECONOMIC NEWS

To Top
error: Content is protected !!
Top