ECB Ready to Use All Tools Needed to Lift Inflation, Rehn Says

From bnnbloomberg.ca

The European Central Bank is ready to use all the tools necessary to stimulate inflation, and is keeping a close eye on the euro’s appreciation, Governing Council member Olli Rehn said. “We are certainly ready to use and adjust all our instruments as appropriate,” the Finnish governor said in an interview with Bloomberg Television. “We are closely monitoring developments in the exchange rate, especially regarding the inflation outlook.” Rehn noted that several of his Governing Council colleagues, including Dutch governor Klaas Knot, have recently raised the possibility of cutting interest rates. Read more: ... (full story)