ECB's Rehn: We will revise lower economic projections next month

Market news

25 May 2022

ECB's Rehn: We will revise lower economic projections next month

European Central Bank (ECB) policymaker Olli Rehn said Wednesday, “we will revise lower economic projections next month.”

He added that “the upside risks to inflation have increased.”

His comments come after the central bank warned its Financial Stability Review that an abrupt increase in real interest rates could induce corrections in the real estate market.

Market reaction

EUR/USD is on a corrective decline below 1.0700, currently trading at 1.0677, down 0.55% so far.

Currencies. Daily history for Wednesday, May 25, 2022

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