ECB may slash rates again if inflation eases- Rehn

The European Central Bank (ECB) could continue to cut interest rates if there is increased confidence in the slowing inflation trend, according to Finnish ECB policymaker Olli Rehn in a speech on Wednesday.

Rehn noted that while inflation is declining, the path to the 2 per cent target remains challenging this year.

He added that further rate cuts would support the eurozone’s economic recovery, especially by boosting fragile industrial growth and subdued investments.

Attribution: Reuters