“We are now confident that inflation will stabilise at the target as predicted and monetary policy will stop being restrictive in the near future,” Rehn said in a speech in Oulu, Finland.
Rehn noted that markets expect the ECB’s deposit rate to ease from 3% to 2% by the end of the year but stopped short of endorsing these expectations, merely arguing that rates will fall and the pace will de determined meeting by meeting.
Source: Economy - investing.com
