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ECB’s Rehn: We see downside risks to growth
This Tuesday, more comments are crossing the wires from European Central Bank (ECB) policymaker Olli Rehn.
We see downside risks to growth.
I am waiting for December macro projections for better picture on where we stand.
Most of the data is quite weak especially in manufacturing.
Good news is that disinflation is on track and unemployment low but growth and producitivty outlook are weak.
Important we are consistent on our messaging.
One might ask whether 'return to target' language is sufficiently up to date.
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