Euro Zone Inflation Progresses, Growth Concerns Persist: ECB
FRANKFURT (Reuters) -The euro zone's fight to bring inflation back to the 2% target is on track but the growth environment is deteriorating, with a global trade war creating a significant risk in the outlook, Finnish central bank chief Olli Rehn said on Friday.
"Given the pervasive uncertainty, the Governing Council is maintaining full freedom of action in monetary policy," Rehn told a conference in Helsinki. "We will adjust our rates to bring inflation to 2% in the medium term – just as our strategy tells us to do."
(Reporting by Balazs Koranyi; Editing by Aidan Lewis)
