ECB's Rehn sees rate rise in July, rates in positive territory by year-end

SALZBURG, Austria – Finnish central financial institution governor Olli Rehn expects the European Central Financial institution will increase rates of interest in July, proceed rising them to succeed in zero in the middle of autumn and expects optimistic charges by year-end.

“I imagine we are going to begin elevating rates of interest in July, in order that they'll get to zero in the middle of the approaching autumn and can be in optimistic territory round year-end,” Rehn informed an financial seminar in Salzburg.

“It's a gradual technique of normalisation of financial coverage,” he stated.

(This story corrects dateline from Strasburg to Salzburg)