ECB’s Rehn: Core inflation must slow before mulling easing

European Central Bank (ECB) Governing Council member Olli Rehn said on Thursday, “core inflation must slow before mulling easing.”

Additional quotes

“Monetary policy journey is not over yet.”

“Inflation outlook continues to be too high for too long.”

“A lasting rise in inflation expectations is an upside risk to inflation.”

“The lags and the strength of transmission (of rate hikes) to the real economy remain uncertain.”

Market reaction

At the press time, EUR/USD is on the back foot near 1.0680, down 0.07% on the day.