ECB’s Rehn: Necessary for rates to move relatively quickly out of negative territory

European Central Bank (ECB) policymaker Olli Rehn said Wednesday, “it is necessary for rates to move relatively quickly out of the negative territory.”

Additional comments

“Need to continue a gradual process of monetary policy normalization.”

“This is also the indication given by many colleagues within the ECB.”

“Uncertainty related to future price developments has increased.”

“Uncertainty surrounding the ECB's macroeconomic projections is also currently very elevated.”