Tag Archives: Rehn

European Central Bank Governing Council member Olli Rehn said frontloading interest-rate increases to eliminate inflation could mean that ECB’s policymakers do not have to take even more drastic action down the line.“By acting swiftly now, we should be able to avoid what is often called a ‘Volcker shock’,” he said …

Powell’s Testimony is being awaited and eyed amid market talk over the longevity of Fed’s 75 bps rate hike. The EUR/USD pair holds onto the previous two-day gains around 1.0535-40 during Wednesday’s initial Asian session. The pair’s latest rebound could be linked to the softer US dollar, as well as …

As the Euro extended its gains in the week by 0.42%, the US dollar, on the contrary, falls courtesy of a positive market mood.Officially, ECB’s Rehn backs a move above 25 bps in the ECB’s September meeting. On the US front, Fed’s Barkin supported a 50/75 bps rate hike in …

Olli Rehn, one of the European Central Bank’s officials spoke out in favor of an interest-rate increase in July, suggesting a growing shift on the Governing Council toward such a move. The governor of the Finnish central bank is one of more dovish policy makers and member of the ECB’s …