ECB’s Rehn: Risk of cutting rates too early has significantly decreased

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European Central Bank (ECB) policymaker Olli Rehn  made some comments on the central bank’s interest rate outlook on Friday.

Rehn said that “my assessment is that risk of too early a decrease in rates from inflation control perspective have significantly decreased.”

Market reaction

EUR/USD keeps its corrective decline intact near 1.0935, losing 0.11% on the day.

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