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10/19, 12:06 PM (Source: TeleTrader)
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Longer inflation could alter expectations - ECB's Rehn

The expectations regarding inflation will shift in the case the "elevated inflation were to last much longer," European Central Bank (ECB) Governing Council member Olli Rehn (pictured) commented on Tuesday.

In a speech delivered at an event jointly organized by the Bank of Finland and the European Money and Finance Forum SUERF, Rehn reiterated that inflation should be viewed as transitory, but added that "some of its components are partly more persistent than previously expected."

Regarding the ECB's response to the inflation issue, Rehn noted that the central bank "leans on the side of not overreacting."

Breaking the News / BU