ECB’s Rehn: June cut ‘appropriate’ if data confirm stabilisation of inflation

• Remarks by ECB policymaker, Olli Rehn
  

• June cut ‘appropriate’ if data confirm stabilisation of inflation, weak growth.
• Given the uncertain environment, the ECB should stick to its data-dependent approach.

The next inflation data for the Eurozone should be key but I still think that a cut in June would be taken as a mistake by the market and lead to further rise in long term yields.