ECB Governing Council member Olli Rehn reiterated that a June interest rate cut is on the table, depending on the progress of inflation.
Rehn referred to the April meeting where the ECB gave a “conditional signal” about rate reductions. He elaborated, “If we gain more confidence that inflation is moving sustainably towards our target, we can reduce the restrictiveness of our monetary policy – in other words, we can lower interest rates.”
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