ECB governing council member Rehn believes that the inflation forecast for March faces downside risks.

ECB governing council member Olli Rehn stated that due to the impact of US trade tariffs, the inflation rate may fall below the target of 2%, reiterating that this will serve as a reason for further rate cuts. "Financial markets seem to believe that tariffs and the associated uncertainty will slow down inflation in the Eurozone, at least in the short term," Rehn said on Monday at an online event. "I find it reasonable to assume that the inflation outlook in the ECB's March forecast faces downside risks."