ECB’s Rehn: Better to maintain accommodative policy

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Speaking to CNBC this Thursday, the European Central Bank (ECB) Governing Council Member Olli Rehn said that inflation threatens to remain too slow in the Eurozone.

Additional quotes:

  • Better to maintain the accommodative policy.
  • Time to rethink our monetary policy strategy.
  • Sees positive spillover from US stimulus.
  • Sees recovery strengthening in H2 and 2022.

The comments did little to influence the shared currency or provide any meaningful impetus to the EUR/USD pair, which remains at the mercy of the USD price dynamics. The pair was last seen trading around the 1.1880-85 region, up 0.10% for the day.