9/16, 10:26 AM (Source: TeleTrader)
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Growth robust but still needs support - ECB's Rehn

Euro area economic growth remains "robust" although it still requires policy support, European Central Bank (ECB) Governing Council member Olli Rehn (pictured) asserted on Thursday.

Finland's central bank governor warned that the outlook remains clouded due to supply bottlenecks, as well as new variants of COVID-19.

Commenting on inflation, Rehn echoed his colleagues that the elevated prices are only temporary. The medium-term outlook is dampened by slack and muted wage pressures, he added.

Breaking the News / MD