ECB’s Rehn says will continue to base policy decisions on assessment of inflation outlook

• ECB rate cuts are supportive of growth
• Current uncertainties emphasise the dependence on fresh data on the economy
• Will base decisions on assessment of inflation outlook, dynamics of core inflation, and also the strength of monetary policy transmission

To sum up, he’s just saying that the ECB is on the right path in cutting rates. And that future decisions will very much be data dependent still as the inflation battle is still not over.

This article was written by Justin Low at www.forexlive.com.