ECB official sees bets for two more cuts in 2024 as reasonable

HELSINKI, 26th June, 2024 (WAM) -- Investor expectations for the European Central Bank to loosen monetary policy twice more this year - and bring borrowing costs to as low as 2.25 percent in 2025 - are fair, according to Governing Council member Olli Rehn.

In some of the most explicit remarks from an ECB policymaker on the path for interest rates, the Finnish central-bank chief also said that while officials must