ECB’s Rehn: Can either cut or pause in April, depending on data

European Central Bank (ECB) policymaker Olli Rehn said on Tuesday that the central bank “can either cut or pause in April, depending on data.”

Additional quotes

The effect of increased defence spending would only likely be over the medium term.

Some of the downside risks defined in March will likely materialize.

Must not limit us to taking decisions only when we have fresh projections.

Undershooting target possible but not the main scenario now.

Market reaction

At the press time, EUR/USD gains 0.25% on the day to trade near 1.0950.