ECB’s Rehn Says Geopolitics Pose Biggest Risk to Rate Cuts

-- Slower inflation has opened the door for the European Central Bank to start lowering interest rates this summer, though geopolitics could still derail such plans, according to Governing Council member Olli Rehn.Tesla Executive Baglino Leaves as Musk Loses Another Top Deputy

Lithuanian central-bank chief Gediminas Simkus said a day earlier that more than three reductions are possible this year, though some of his colleagues are more cautious. Even so, given that the US has a “significant impact” on the real economy and financial markets, the ECB doesn’t make its decisions “in a vacuum,” Rehn said.He also urged measures to improve euro-zone productivity, noting implications for inflation and the level of real interest rates over the medium term.

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Oil Steadies After Two-day Drop as Rates, Geopolitics DominateOil held a two-day drop, with traders assessing the outlook for global interest rates and geopolitical tensions in the Middle East.
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