ECB Governing Council member Olli Rehn believes that consumer prices are at risk of a slight decline. In comments published on Monday, the Finnish official said: “Currently, downside risks dominate slightly, but upside risks also exist. This highlights the importance of relying on data.” At the same time, Rehn emphasized, “We do not anticipate any interest rate path, and always implement our promises: stick to the method of relying on data, make decisions on a per-meeting basis, and maintain full freedom of action.”

ECB Governing Council member Olli Rehn believes that consumer prices are at risk of a slight decline. In comments published on Monday, the Finnish official said: “Currently, downside risks dominate slightly, but upside risks also exist. This highlights the importance of relying on data.” At the same time, Rehn emphasized, “We do not anticipate any interest rate path, and always implement our promises: stick to the method of relying on data, make decisions on a per-meeting basis, and maintain full freedom of action.”