ECB's Rehn: Inflation should ease from early next year

  • Rehn leans towards a "wait and see" approach ahead of next week's ECB meeting
  • We might get more clarity in the next few weeks
  • Sometimes better to bide time before making a decision

He's likely alluding to the relative uncertainty presented by the omicron variant. That adds to complications in trying to sell the idea that they are going to step up APP purchases next year. Not least with inflation pressures still rampant at the moment.

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