ECB's Rehn considers market expectations of two more rate cuts in 2024 reasonable, with 2.25% in 2025.
ECB's Rehn sees bets for two more rate cuts in 2024 as 'reasonable', according to Governing Council member Olli Rehn. Rehn stated that while officials must ensure inflation returns to 2%, they shouldn't overly dampen economic activity. The ECB won't pre-commit to any particular path, but market expectations for two more rate cuts to 2.25% in 2025 are considered reasonable by Rehn.
June 26, 2024
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