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Erosion of Fed independence would lead to inflation: Rehn

President Donald Trump's escalating attacks on the US Federal Reserve could have substantial and global knock-on effects on the financial markets and the real economy, ECB policymaker Olli Rehn said in a speech today.

Business • 28 Aug

Olli Rehn last week said the ECB should cut interest rates in April if inflation keeps moving in line with its projection and that more easing would keep price growth on track

Rehn sees stronger case for ECB rate cut in April

Downside risks have materialised since March that support the case for cutting interest rates at the European Central Bank's April meeting, ECB policymaker Olli Rehn said today.

Business • 09 Apr

Finland's central bank Governor Olli Rehn

Rehn calls for joint European investment in air defence

Europe must adopt common policies such as joint procurement of air defence equipment and drones to support Ukraine and strengthen its own defence despite large public deficits, Finnish central bank Governor Olli Rehn said today.

Business • 11 Mar

Scale of ECB rate cuts decided at each meeting - Rehn

Finnish ECB policymaker Olli Rehn said today that euro area inflation is more clearly stabilising at the European Central Bank's 2% target, and that this helps set the stage for further interest rate reduction.

Business • 17 Dec 24

'The direction of rate changes is clear,' Finnish central bank chief Olli Rehn said today

More ECB rate cuts coming, pace of easing uncertain, Rehn

More European Central Bank interest rate cuts are coming and the deposit rate could hit the so-called neutral level in the first half of next year, Finnish central bank chief Olli Rehn said today.

Business • 12 Nov 24

Olli Rehn's seven year term at Finland's central bank is due to expire next year

Finland's central bank begins process of recruiting chief

Finland's central bank said today it had started the process of recruiting a new governor as current chief Olli Rehn's seven-year term expires on July 12 next year.

Business • 18 Oct 24

Rehn sees euro area inflation stabilising at 2% in 2025

Euro area inflation slowing down means that there are now more reasons to justify an interest rate cut at the ECB's October policy-setting meeting, Finnish ECB policymaker Olli Rehn said in a speech today.

Business • 01 Oct 24

The ECB expects euro zone inflation to fall to 2% by the last quarter of next year after a slight rebound in the coming year

Top ECB governors voice confidence on inflation and rates

The European Central Bank's two biggest shareholders have expressed confidence about the prospect for lower inflation and interest rates in the euro zone.

Business • 13 Sep 24

ECB may need to cut rates again in September, Rehn says

The European Central Bank may need to cut interest rates again in September given persistent economic weakness, Finnish central bank chief Olli Rehn has said.

Business • 20 Aug 24

The ECB cut rates in June for the first time in the current cycle but has made no explicit commitment about its next move

ECB sees gradual easing if inflation falls as expected

The European Central Bank could gradually reduce interest rates if inflation falls as expected, two ECB policymakers said today.

Business • 26 Jun 24

ECB can start cuts before Fed, says Finnish bank governor

The European Central Bank did not have to take its cues from the US Federal Reserve and could start to lower rates as soon as June, Bank of Finland governor Olli Rehn has told AFP.

Business • 22 May 24

ECB rate cut in June assumes no inflation setbacks - Rehn

The prospects for an interest rate cut in June by the European Central Bank assumes that there will be no further setbacks in the geopolitical situation that affect energy prices and thus inflation, ECB policymaker Olli Rehn said today.

Business • 16 Apr 24

Markets may underestimate how high ECB rates will go

The European Central Bank will need big rate hikes at least at its next two meetings and markets may still be underestimating how high interest rates will have to go, Finnish central bank chief Olli Rehn said today.

Business • 16 Dec 22

The investigation phase for the digital euro is expected to be concluded in October 2023, Olli Rehn has said

Rehn sees several benefits to possible digital euro

A possible digital euro currency, which the European Central Bank is studying, could have several benefits such as facilitating cross-border payments and providing a digital monetary anchor, Finnish ECB policymaker Olli Rehn has said.

Business • 24 Aug 22

Olli Rehn said the bloc's future as a political community was at stake

EU leaders must show solidarity with Covid-19 package

European Central Bank policymaker Olli Rehn today said the European Union must agree a package to address the economic impact of the new coronavirus, especially for weaker nations.

Business • 22 Apr 20

The ECB has had a long struggle to attract female talent for senior positions

Failing to hire women, ECB extends job deadline

The European Central Bank has extended a deadline for filling three top jobs at its bank supervision arm after it failed to hire any women for the roles, two sources said.

Business • 27 May 19

Olli Rehn was the EU's economic affairs commissioner between 2010 and 2014

Olli Rehn appointed to head Bank of Finland

Olli Rehn, a former European Union top economic official, has been appointed Bank of Finland governor, the euro zone nation's central bank said today.

Business • 18 May 18

Finland's Jyrki Katainen named as EU's interim Economics Affairs commissioner

Outgoing Finland PM for key EU economics post

Finland's outgoing prime minister Jyrki Katainen is to become the EU's interim Economics Affairs commissioner.

Business • 25 Jun 14

The ECB certainly has its big bazooka and plenty of ammunition for the bazooka if needed - Olli Rehn

ECB still has 'big bazooka' despite court - Rehn

The European Central Bank still has a "big bazooka" with plenty of ammunition to preserve the euro, EU economics chief Olli Rehn has said.

Business • 10 Feb 14

Olli Rehn said that Ireland is not completely out of the woods yet, but he said it is still on a very good and sustainable path

Olli Rehn speaks out on 2010 bailout

EU Commission Vice-President Olli Rehn has told RTÉ's Prime Time that he was shocked when he heard that the capital hole surrounding the banks was around 60% of the GDP.

News • 13 Dec 13

Jeroen Dijsselbloem says decision has yet to be reached on how long EU scrutiny would last

Ireland still facing monitoring by EU and ECB

EU officials have confirmed that Ireland will continue to face monitoring following the state's exit from the EU-IMF bailout programme.

Business • 15 Nov 13

Olli Rehn said stress tests will be tougher than those of 2010

Rehn issues blunt warning to banks

European Commissioner Olli Rehn has given a blunt warning to banks in the eurozone that upcoming stress tests will be "effective and credible".

News • 06 Nov 13

Michael Noonan will travel to Frankfurt to meet officials from the European Central Bank

Noonan holds 'constructive' talks on bailout exit

Minister for Finance Michael Noonan has met European Commission Vice President Olli Rehn in Strasbourg for talks about Ireland exiting its EU-IMF bailout.

News • 22 Oct 13

Eurostat's preliminary figures show Q2 euro zone growth of 0.3% - better than expectations

Euro zone Q2 growth better than expected

Stronger growth in the euro zone's two largest economies, Germany and France, helped the euro zone to emerge from its longest recession to date in the second quarter.

Business • 14 Aug 13

European Commission President Jose Manuel Barroso says austerity had reached its natural limits of popular support

Possibility of 'spare capacity' next year - Noonan

Finance Minister Michael Noonan has said if there is spare cash after next year's Budget, it will be used to grow the economy and create jobs.

Business • 23 Apr 13