ECB's Olli Rehn Highlights Trade Protectionism as a Major Economic Risk

In a recent statement, Olli Rehn, a member of the European Central Bank (ECB) Governing Council, expressed concerns over the growing 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.

Rehn emphasized that despite the weakening growth outlook in the Eurozone, the disinflationary process is progressing as expected. He reiterated the ECB's stance on maintaining flexibility in its monetary policy, stating, "We will maintain complete freedom of action" in future meetings to navigate through the prevailing uncertainties.