ECB’s Rehn sees growing case for Oct rate cut

ECB Governing Council member Olli Rehn suggested today that slowing inflation and weaker growth prospects in Eurozone has provided “more grounds” for another rate cut at the October meeting. Additionally, Rehn pointed to the “prevailing headwinds” facing economic growth in the Eurozone, noting that these challenges “tilt the scales” toward a more accommodative policy stance. […]

The post ECB’s Rehn sees growing case for Oct rate cut appeared first on Action Forex.