Olli Rehn is head of the Finnish central bank and thus a member of the European Central Bank Governing Council.
His comments were a response to Trump's complaint on the euro being weak.
- The U.S. is not completely innocent to these developments
- It will be even worse if we would have a currency war
- we should all try to avoid these kind of developments.
Trump tried to pressure Fed Chair Powell, and failed. No luck with the ECB either.
Rehn went on:
- Governing Council stands ready to take action and adjust all its instruments
- includes cutting interest rates
- and resuming quantitative easing
- This toolbox is at our disposal and we will consider and discuss and -- as appropriate -- take decisions on this in our forthcoming meetings"
via Bloomberg, link here
