⭕ European Central Bank Governing Council Member Olli Rehn:

⬅️ There is concern that inflation will remain below target for a prolonged period.

⬅️ The appreciation of the euro has helped the ECB achieve its 2% inflation target.

⬅️ The euro has the opportunity to become even more important.

⬅️ The exchange rate is not a political target.

⬅️ We cannot allow a lower-than-expected inflation rate to change market expectations.

⬅️ The ECB is in a good position, but there is no reason for complacency.