European Central Bank Governing Council member Olli Rehn said a December interest-rate cut is likely and further reductions are possible, but officials should remain cautious and move step by step.

European Central Bank (ECB) policymaker Olli Rehn said on Tuesday that “if disinflation stays on track, it would make a case for further rate cuts.” The direction of our policy moves is clear. The pace of the moves depends on the data.

The European Central Bank is on track to get inflation back down to 2%, so more interest rate cuts are coming, but the exact pace of policy easing is still uncertain, Finnish central bank chief Olli Rehn said on Tuesday.

More European Central Bank interest rate cuts are coming and the deposit rate could hit the so-called neutral level in the first half of next year, Finnish central bank chief Olli Rehn said on Tuesday.