ECB's Rehn says inflation expectations over the medium-term remain close to target, reiterates meeting-by-meeting guidance

ECB's Rehn says inflation expectations over the medium-term remain close to target, reiterates meeting-by-meeting guidance.

This statement from ECB's Rehn indicates a cautious approach, suggesting inflation expectations are stabilizing near target levels. His reiteration of meeting-by-meeting guidance implies a flexible policy stance that could adapt to changing economic conditions, which may influence market expectations around future rate decisions and the euro's trajectory.