ECB's Rehn says ECB keeping a cool head, broad perspective on Iran; we must respond to the overall macroeconomic environment, not to oil prices alone

ECB's Rehn is signaling a balanced approach to monetary policy amidst external pressures. By emphasizing the need to focus on the broader macroeconomic environment rather than reacting solely to fluctuations in oil prices, it suggests a dovish stance that could influence market expectations for future rate decisions, particularly as energy prices remain volatile. This could keep Eurozone rates supportive in the near term, affecting the EUR and fixed income markets.