- Inflation is slowing to below 2% target
- Inflation being at its 2% target is linked to ECB's independent decision-making
- We're keeping a close eye on the economy and stand ready to act if needed
- Trump pressure on Fed's independence could have substantial global effects on financial markets, real economy
- But I consider a rapid, significant weakening of dollar dominance to be unlikely
With the summer slowly coming to an end, we'll be getting more comments from ECB policymakers soon enough. It feels like it has been a while, has it not? Anyway, Rehn's remarks are nothing major and mainly reaffirms the central bank's stance of staying on pause for the time being.
