ECB's Rehn: Central bank should review monetary policy strategy for medium/long-term
|ECB governing council member, Olli Rehn was out with some comments in the last hour and said that the central bank should review its monetary policy strategy for the medium and long-term.
Additional quotes:
• Need to analyze why inflation has remained low.
• We should look at the definition of price stability.
• My view is that 2% is not a ceiling.
• Inflation can deviate in both directions from the target.
• Trade tensions are clearly behind the uncertainty eroding economic confidence.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.