Low interest rates and highly accommodative.....>

ECB: Low interest rates and highly accommodative monetary policy "won't last

forever", the governor of the Bank of Finland warned eurozone policymakers in an

article published Thursday, though past mistakes indicate that an "early

withdrawal" of support should be avoided.

- "For now, and apparently in the medium term, the effect of the Covid-19

pandemic is disinflationary rather than inflationary, and the danger of

deflation has re-emerged," Olli Rehn, a member of the ECB's Governing Council

wrote.

- Nevertheless, "one day the member states and their governments should be

prepared to live with less accommodation and higher rates. One should not assume

that central bank policy would then be determined by the fiscal situation."