ECB’s Rehn: Time is ripe in June to ease the monetary policy stance

European Central Bank (ECB) policymaker Olli Rehn spoke about the timings of the central bank’s interest rate cut on Monday.

Key quotes

Inflation is converging to our 2% target in a sustained way, and the time is thus ripe in June to ease the monetary policy stance and start cutting rates.

This obviously assumes that the disinflationary trend will continue and there will be no further setbacks in the geopolitical situation and energy prices.