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ECB's Rehn: We have started discussing rate cuts
Started discussion about reducing the restrictive dimension of monetary policy Talk relates to when it is appropriate to start cutting interest rates If inflation continues to fall, can slowly start easing the foot off the brake pedal of monetary policy Well, we all know how that discussion ended up. Lagarde certainly addressed that in her press conference here. In any case, we're still set for a move in June and not before that. Rehn's comments does not alter that narrative.