Investing.com -- Finnish central bank chief, Olli Rehn, has issued a warning to the European Central Bank (ECB) regarding potential complacency over inflation.
He stressed the importance of being aware of risks, including the possibility of price growth falling significantly below the ECB’s target.
Rehn highlighted his concerns during a press conference, where he pointed out that inflation is projected to remain below 2% next year.
He emphasized the need for vigilance to prevent a slide towards the zero lower bound.
The central bank chief underscored the importance of keeping inflation expectations firmly anchored around the ECB’s target.
The cautionary message comes as the ECB continues to navigate the economic impacts of the ongoing global health crisis.
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