ECB's Rehn: Interest rate decisions are not locked in beforehand
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ECB policymaker Olli Rehn stated that interest rate decisions are flexible and not predetermined. He highlighted an unavoidable rise in inflation projected for 2026, with estimates suggesting a spike to 3.1% due to volatile energy prices. The ECB is monitoring the Middle East conflict's impact on the Eurozone economy, noting risks of stagflation and downward revisions in growth projections. Rehn emphasized the need to prevent temporary price shocks from affecting long-term inflation expectations and acknowledged the long-term challenges of repairing energy infrastructure damaged by the conflict.
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