FILE PHOTO: Governor of the Bank of Finland Olli Rehn in London, Britain, May 29, 2019. REUTERS/Hannah McKay
September 4, 2019
FRANKFURT (Reuters) – The European Central Bank can provide stimulus through a number of instruments but they work best in a package, Finnish central bank chief Olli Rehn told the Eurofi Magazine.
“We can push the policy rate into negative territory, employ forward guidance on the future policy path, purchase a significant stock of assets from a variety of asset classes to lower yields and offer banks targeted loans to ease their funding costs,” Rehn was quoted as saying.
“These measures work as a package, with significant complementarities across the different instruments,” he added.
(Reporting by Balazs Koranyi; Editing by Catherine Evans)
