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Better to normalise monetary policy step-by-step, ECB’s Rehn says

Randy Mancini 3 Feb 10
Governor of the Bank of Finland, Olli Rehn attends a Reuters Newsmaker event in London
FILE PHOTO: Governor of the Bank of Finland, Olli Rehn attends a Reuters Newsmaker event in London, Britain, May 29, 2019. REUTERS/Hannah McKay

February 10, 2022

HELSINKI (Reuters) – It is “better to watch than be sorry” when adjusting monetary policy in the current uncertain environment, ECB policymaker and Finnish central bank chief Olli Rehn said on Thursday.

“At an uncertain situation – I also refer to the remaining geopolitical tension and its possible implications on energy prices and growth – it is better to watch than be sorry as the old saying goes, or to progress gradually and step by step in normalising the monetary policy,” Rehn said in Helsinki.

(Reporting by Anne Kauranen; Editing by Catherine Evans)