ECB’s Rehn: Interest rate hike in June should be viewed as an insurance move
European Central Bank (ECB) official and Finnish Central Bank Governor Olli Rehn said during the European trading session on Tuesday that an interest rate hike at the policy meeting this month should be viewed as an "insurance" move to guard against future inflation risks.
Market reaction
There seems to be no major impact of ECB Rehn's comments on the Euro (EUR). As of writing, EUR/USD trades 0.1% higher at around 1.1645.
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