'Thanks to this disinflationary process ... the time is thus ripe in June to ease the monetary policy stance and start cutting rates,' the ECB's Olli Rehn said.
Olli Rehn and Philip Lane became the latest figures at the European Central Bank to indicate that an interest rate cut next week is practically a done deal.
In a speech on Monday, Olli Rehn, ECB governing council member and head of Finland's central bank, stressed that inflation in the euro area was falling in a "sustained way.
It indicates that the European Central Bank is likely to move sooner than the U.S. Federal Reserve, which usually leads the way in monetary policy decisions.
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