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ECB’s exit from crisis measures will be “very gradual”: Rehn By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: Olli Rehn, Finland’s central bank governor, speaks to journalists in Helsinki (Finland), July 17, 2018. REUTERS/Ints Kalnins

HELSINKI (Reuters) – Any exit from the European Central Bank’s crisis-fighting measures will be “very gradual” and will ensure that favourable financing conditions are maintained, Finnish central bank chief Olli Rehn said on Thursday.

December will see the ECB debate how it should wind down its Pandemic Emergency Purchase Programme, which is worth 1.85 billion euros. Also, whether or not to increase other stimuli to make up for lost time.

Rehn spoke at a news conference, “I am confident that we can find a viable, meaningful way to guarantee favorable financing conditions when our very gradual transition form the crisis measures into the next normal.”

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