The ECB is ready to adjust all of its instruments 'as appropriate' after taking into account economic developments in June, Finnish Central Bank Governor Olli Rehn told CNBC.
During the IMF meetings in Washington this week, Finnish Central Bank Governor Olli Rehn told CNBC that how the economy evolves by June will be key in determining how"we proceed as regards to our monetary policy stance."
During prepared remarks on Wednesday's ECB meeting, President Mario Draghi said that the ECB stands ready to use"all available instruments" if the economic situation in the euro zone were to deteriorate further. He said,"For now it's clear that we have a very accommodative monetary policy stance," reiterating that"we are ready to adjust all of our instruments as appropriate taking into account economic developments."
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