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European Central Bank (ECB) policymaker Olli Rehn is speaking as part of a “policy dialogue” at the Asian Financial Forum (AFF) 2025, being held in Hong Kong on Monday.
Key quotes
Europe must not get caught off guard by a trade war.
EU should not take hits because of tariffs.
It makes sense to continue with rate cuts.
By the middle of summer, we should be leaving restrictive territory.
The direction of rates is clear, growth outlook has weakened.
There are plenty of concerns on geopolitical developments.
Exchange rate has an impact on inflation but ECB has no policy target on currency.