European Central Bank member Rehn predicts when the restrictive levels of monetary policy will be abandoned.

On Tuesday, European Central Bank member Olli Rehn made a number of important statements regarding the trajectory of monetary policy and the economic conditions in the Eurozone. In this context, Rehn mentioned the following points:

• We must prepare for a scenario of rising tariffs and customs duties on the European Union.
• The European Central Bank must be aware of information regarding U.S. trade policies by the next central bank meeting at the latest.
• I believe it is correct for the ECB to continue its cycle of interest rate cuts as soon as the new year begins.
• The pace and extent of interest rate cuts will be determined for each meeting separately.
• This depends on future economic data and the comprehensive analysis of it.
• The inflation rate in the Eurozone is clearly stabilizing at the ECB's target of 2%.
• The direction of the ECB's monetary policy is clear.
• Monetary policy will abandon restrictive levels during late winter and early spring.