ECB Official Warns of Potential Inflation Risks Below Target

According to BlockBeats, European Central Bank (ECB) Governing Council member Olli Rehn has issued a warning about the potential risk of consumer price growth slowing below the 2% target. Rehn noted that while the current inflation rate is approximately at this target level, there are emerging risks of a downward trend in the coming years. Factors contributing to this risk include the strengthening of the euro and stabilization in wages and service inflation. The ECB is closely monitoring medium-term inflation trends. Rehn highlighted the numerous uncertainties currently affecting the economic landscape, including geopolitical tensions and uncertainties stemming from trade wars. As a result, the ECB plans to make decisions on a meeting-by-meeting basis, relying on the latest data and analyses to guide their overall judgment.