ECB's Rehn Highlights Trade Protectionism as Major Economic Risk

Amid growing tensions, European Central Bank (ECB) Governing Council member Olli Rehn 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 economic relations.

Eurozone's Growth and Inflation Outlook

Rehn acknowledged the weakening growth outlook for the Eurozone but reassured that the disinflationary process remains on track. He emphasized the ECB's commitment to maintaining flexibility in its monetary policy decisions, stating, "We will maintain complete freedom of action" in the face of ongoing uncertainties.