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ECB's Rehn says ready to act if no improvements in euro zone economy

ECB's Rehn says ready to act if no improvements in euro zone economy
FILE PHOTO: Governor of the Bank of Finland, Olli Rehn attends a Reuters Newsmaker event in London, Britain, May 29, 2019. REUTERS/Hannah McKay -
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Hannah McKay(Reuters)
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BRUSSELS (Reuters) – The European Central Bank is considering using all instruments at its disposal unless there is improvement in the euro zone economy, member of the ECB Governing Council Olli Rehn said on Thursday.

“We in the Governing Council are ready to act as appropriate unless there is improvement in the economic conditions,” Rehn told a conference in Brussels.

Asked whether the ECB should proceed with rate cuts or more asset purchases, Rehn said: “The whole range of instruments is on the table.”

(Reporting by Francesco Guarascio; Editing by Toby Chopra)

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