ECB’s Rehn Warns of Inflation Risks as Euro Area Approaches 2% Target

The European Central Bank (ECB) is cautiously monitoring inflation in the euro area, where October’s rate hit exactly 2%, aligning with its target. Olli Rehn, a member of the ECB’s Governing Council and Governor of the Bank of Finland, highlighted concerns regarding potential deflationary pressures as he emphasized the need for adaptable monetary policy strategies amidst global economic uncertainties.