European Central Bank board member Rehn: Increase in defense spending does not necessarily lead to higher inflation.

European Central Bank board member Olli Rehn has said that the "most significant fiscal impact" from increased defense spending in the region may start to show from "next year 2026 and 2027." "This means that the impact of fiscal spending on growth and inflation prospects will emerge in the medium term," the Governor of the Bank of Finland pointed out in his speech in Helsinki.