ECB’s Rehn: We Are Confident That Rates Will Soon No Longer Be Restrictive

22 January 2025

ECB’s Rehn: We Are Confident That Rates Will Soon No Longer Be Restrictive
Olli Rehn, governor of the Bank of Finland, at the European Central Bank Forum on Central Banking in Sintra on July 2, 2024. Photo by the ECB under CC BY-NC-ND 2.0.

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Olli Rehn said on Wednesday that the ECB was now confident that interest rates would soon no longer be restrictive.

In a speech Rehn, who heads the Bank of Finland, said that ‘[w]e are now confident that inflation will stabilise at the target as predicted and monetary policy will stop being restrictive in the near future.’

Rehn acknowledged that rates would continue falling and indicated that the pace of the cuts would be determined meeting by meeting.

 

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