ECB's Rehn: Central bank is determined to act in case of further weakening in economic activity

The ECB governing council member, Olli Rehn crossed the wires in the last hour saying that the central bank could strengthen forward guidance, cut interest rates and relaunch QE, if needed.

Additional quotes:

• Central bank could also introduce mitigating measures from negative rates.
• The ECB is determined to act in case of further weakening in economic activity.
• The recent escalation in US-China trade tensions is unlikely to subside any time soon.