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ECB's Rehn: Significant degree of stimulus continues to be necessary
European Central Bank's rate-setting committee member Olli Rehn crossed the wires in the last minutes reiterating that a significant degree of monetary stimulus was still necessary. "Stimulus is needed to ensure that financial conditions remain very favourable and to support euro area growth and domestic price pressures," Rehn explained. "The Governing Council is determined to act if the medium-term inflation outlook continues to fall short of the ECB's aim."
Added at 2:02pm
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ECB's Rehn: Governing Council determined to act if the medium-term inflation outlook continues to fall short of ECB's aim $EURUSD $MACRO https://t.co/8WQ3xP2ry5
— Breaking Market News (@financialjuice) August 19, 2019