02-07-2025
ECB's Rehn Worried About Effects of Lengthy Inflation Undershoot
European Central Bank Governing Council member Olli Rehn is worried that inflation staying below 2% for a lengthy period could shift the price outlook of euro-zone consumers.
The ECB is projecting 18 months of inflation below its goal as US tariffs dent confidence and the 20-nation economy struggles to expand. Rehn, who heads Finland's central bank, said risks are currently two-sided, but is more uneasy about the knock-on effects of the undershoot.
