ECB's Rehn cites negative growth risk as reinforcing the case for a rate cut in September European Central Bank Governing Council member Olli Rehn, governor of the Finnish central bank
- There are no clear signs of a pick-up in the manufacturing sector.
- Industrial production may not be as temporary as assumed.
- The recent increase in negative growth risks in the Euro area has reinforced the case for a rate cut at the next ECB monetary policy meeting in September.
The ECB September meeting is on the 12th.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: ECB's Rehn cites negative growth risk as reinforcing the case for a rate cut in September (https://www.forexlive.com/centralbank/ecbs-rehn-cites-negative-growth-risk-as-reinforcing-the-case-for-a-rate-cut-in-september-20240819/)
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