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ECB’s Rehn Says Data Show First Sign of Stagflationary Shock

13. Mai 2026 um 08:15
European Central Bank Governing Council member Olli Rehn warned that data are starting point to stagflation as a result of the Iran war and rising energy prices.

Olli Rehn, governor of the Bank of Finland, during an event at the Peterson Institute of Economics (PIIE) during the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Tuesday, Oct. 22, 2024. Rehn reiterated the ECB's stance that the speed and scope of rate cuts will depend on "the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission."
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