Reported 11 months ago
European Central Bank's Governing Council member Olli Rehn stated that the investor predictions of two more monetary policy rate cuts in 2024 are reasonable, potentially leading to a rate as low as 2.25% by 2025. Rehn emphasized the importance of returning inflation to 2% while avoiding excessive dampening of economic activity, acknowledging the likelihood of further rate reductions amid the ongoing disinflationary trend.
Source: YAHOO