ECB’s Rehn: Risk of cutting rates too early has significantly decreased

European Central Bank (ECB) policymaker Olli Rehn  made some comments on the central bank’s interest rate outlook on Friday.

Rehn said that “my assessment is that risk of too early a decrease in rates from inflation control perspective have significantly decreased.”

Market reaction

EUR/USD keeps its corrective decline intact near 1.0935, losing 0.11% on the day.