off-the-wire

ECB's Rehn: Rate cuts can continue if downward inflation trend strengthens

Kitco Media
By Reuters
Published:
Updated:
Reuters
ECB's Rehn: Rate cuts can continue if downward inflation trend strengthens teaser image

HELSINKI, Aug 7 (Reuters) - The European Central Bank can continue cutting interest rates if confidence in the slowing inflation trend strengthens in the near future, Finnish ECB policymaker Olli Rehn said in a speech on Wednesday.

"Inflation continues to slow down but the path to the two percent target remains bumpy this year," Rehn said.

He added the rate cuts would help the eurozone economy recover, in particular the "fragile" industrial growth and subdued investments.

Reporting Essi Lehto, editing by Anne Kauranen

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.