ECB's Rehn: Current situation is good but medium-term downside risks visible

  • Comments from the ECB policymaker, Olli Rehn
ECB
  • Downside inflation risks are apparent due, among other factors, to the appreciation of the euro and the stabilization of wage and services inflation.
  • Will stick to meeting-by.meeting and data-driven approach in setting monetary policy due to uncertainty.

Rehn is one of the very few dovish members and he continues to put emphasis on downside risks to medium-term inflation. Nonetheless, due to uncertainty, he will still be driven by the data.

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