ECB's Rehn Highlights Trade Protectionism as Key Economic Risk

Olli Rehn, a member of the European Central Bank (ECB) Governing Council, expressed concerns on Wednesday about the growing threat of trade protectionism to the economic outlook. This comes as U.S. President Donald Trump is set to impose tariffs on European goods.

Eurozone's Growth Outlook Weakens, Disinflationary Process Continues

Despite the weakening growth outlook for the Eurozone, Rehn noted that the disinflationary process remains on track. He emphasized the ECB's commitment to maintaining flexibility in its monetary policy stance due to the prevailing uncertainties.

ECB Maintains Freedom of Action

Rehn reiterated the ECB's stance of not committing to a specific monetary policy direction, highlighting the importance of retaining complete freedom of action in future meetings to address any emerging challenges.