ECB Official Highlights Trade Protectionism as Major Economic Risk

In a recent statement, Olli Rehn, a member of the European Central Bank's Governing Council, expressed concerns over the increasing trend of trade protectionism. This comes as U.S. President Donald Trump is set to impose new tariffs on European goods, a move that could further strain international trade relations.

Eurozone's Growth and Inflation Outlook

Despite the weakening growth outlook for the Eurozone, Rehn reassured that the disinflationary process is progressing as expected. He emphasized the ECB's commitment to maintaining flexibility in its monetary policy decisions, citing the high level of uncertainty in the current economic climate.