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Top related persons:
Robert Holzmann - 1 Holzmann - 1 Karen Tso - 1 policymaker Olli Rehn - 1 Rehn - 1
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Austrian Hormuz Iran Israel Russia Ukraine Bank of Finland London
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European Central Bank - 1 ECB - 1 International Monetary - 1 Bank of - 1 Brent - 1 U.S - 1 West Texas - 1

Search resuls for: "policymaker Olli Rehn"


2 mentions found


☆ Middle East tensions pose the biggest threat to rate cuts, European Central Bank policymaker says
  + stars: | 2024-04-17 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +2 min
Tensions in the Middle East pose the biggest threat to a prospective interest rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann. "At this stage, I think the biggest threat is geopolitics, because we have seen what's happened in the Middle East," Austrian central bank governor Holzmann told CNBC's Karen Tso on Wednesday. Holzmann singled out ramifications for energy prices as the single most important factor in terms of Europe's fight to tame inflation. "As summer approaches we can start reducing the level of restriction in monetary policy, provided that inflation continues to fall as projected." He recently told Reuters that the ECB could moderate rates in June, indicating a growing consensus for a near-term move.
Persons: Robert Holzmann, Holzmann, Karen Tso, policymaker Olli Rehn, Rehn Organizations: European Central Bank, ECB, International Monetary, Bank of, Brent, U.S, West Texas, Reuters Locations: Austrian, Hormuz, Iran, Israel, Russia, Ukraine, Bank of Finland, London
☆ ECB must 'carry on and act consistently' with interest rate hikes, policymaker says
  + stars: | 2023-04-14 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
The European Central Bank must "carry on and act consistently" with interest rate hikes as it continues its efforts to tackle high inflation, policymaker Olli Rehn said Friday. Euro zone core inflation — which excludes volatile energy, food, alcohol and tobacco prices — reached an all-time record of 5.7% in March, up from 5.6% in February. Headline inflation, meanwhile, fell significantly to an annual rate of 6.9% last month. "Inflation is still by far too high, and especially I'm concerned about core inflation, underlying inflation," Rehn told CNBC's Joumanna Bercetche at the International Monetary Fund's spring meeting in Washington, D.C. The ECB has raised interest rates by 50 basis points at its last six consecutive policy meetings.
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