European Central Bank (ECB) Governing Council member Olli Rehn has issued a warning about the potential for inflation to fall below the 2% target. While current inflation rates are roughly at this level, Rehn highlights emerging risks of a downward trend in the coming years. Key contributing factors include the strengthening euro and stabilization in wages and service price inflation. The ECB is closely monitoring medium-term inflation trends. However, Rehn acknowledges multiple uncertainties impacting the economic landscape, including geopolitical tensions and trade war uncertainties, leading the ECB to make decisions on a meeting-by-meeting basis, relying on up-to-date data and analysis for guidance.