ECB's Olli Rehn Voices Concerns Over Trade Protectionism

European Central Bank (ECB) Governing Council member Olli Rehn highlighted on Wednesday the growing risks trade protectionism poses to the economic outlook. This comes as United States President Donald Trump is set to announce new tariffs on European goods.

Eurozone's Growth and Inflation Dynamics

Despite a weakened growth outlook for the Eurozone, Rehn reassured that the disinflationary process is proceeding as expected. He emphasized the ECB's commitment to maintaining flexibility in its monetary policy decisions amidst ongoing uncertainties.

ECB's Stance on Future Monetary Policy

Rehn reiterated the ECB's position of not committing to a specific monetary policy stance, underscoring the importance of "maintaining complete freedom of action" in upcoming meetings to navigate the unpredictable economic landscape.