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MNI BRIEF: ECB Could Hike By Further 75bps in October - Rehn

(MNI) LONDON
(MNI) London

Bank of Finland Governor said 50 and 75 bps hikes were both still on the table ahead of the October meet, TLTRO terms need exploring

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The European Central Bank could hike by another 75 bps at its October meeting and perhaps push to reach a neutral rate before the end of the year, Governing Council member Olli Rehn said Wednesday.

Speaking in Helsinki, Rehn, who also serves as Bank of Finland Governor, said there was still a debate over whether to raise rates by 50 or 75 bps at the October 27 meeting, with policymakers waiting to see a further month of data before a decision. However, Rehn stressed reaching a neutral rate did not necessarily mean the ECB's job was done, noting that if fighting inflation meant moving into restrictive monetary policy, 'so be it'.

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The European Central Bank could hike by another 75 bps at its October meeting and perhaps push to reach a neutral rate before the end of the year, Governing Council member Olli Rehn said Wednesday.

Speaking in Helsinki, Rehn, who also serves as Bank of Finland Governor, said there was still a debate over whether to raise rates by 50 or 75 bps at the October 27 meeting, with policymakers waiting to see a further month of data before a decision. However, Rehn stressed reaching a neutral rate did not necessarily mean the ECB's job was done, noting that if fighting inflation meant moving into restrictive monetary policy, 'so be it'.

Keep reading...Show less