# ECB's Rehn warns of risk if inflation surge lasts much longer | Reuters

> ECB policymaker Olli Rehn said on October 19, 2021, that euro zone inflation is still mostly temporary but could raise price expectations if it persists. Euro zone inflation reached 3.4% in September according to flash estimates, driven by energy prices and supply constraints.

- Date: 2021-10-19 · published 2021-10-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/44758-ecb-s-rehn-warns-of-risk-if-inflation-surge-lasts-much-longer-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Persistent inflation signals could push central banks toward tighter policy, which tends to strengthen the euro and weigh on dollar-priced commodities, while energy-driven inflation raises input costs for feed producers.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-02-02 | [Record euro zone inflation piles pressure on ECB \| Reuters](https://feedsoft.ai/events/9873-record-euro-zone-inflation-piles-pressure-on-ecb-reuters.md) | +1.6% | -1.2% |
| EURUSD | 2026-03-19 | [VIEW ECB holds rates steady as Middle East war re-ignites inflation fears \| Reuters](https://feedsoft.ai/events/20371-view-ecb-holds-rates-steady-as-middle-east-war-re-ignites-inflation-fears.md) | +0.5% | +2.5% |
| EURUSD | 2022-07-13 | [Euro back above parity, dollar dips after inflation surges \| Reuters](https://feedsoft.ai/events/40688-euro-back-above-parity-dollar-dips-after-inflation-surges-reuters.md) | +1.7% | +1.6% |
| EURUSD | 2023-11-14 | [Wall St, European stocks fly on soft U.S. inflation data \| Reuters](https://feedsoft.ai/events/10106-wall-st-european-stocks-fly-on-soft-u-s-inflation-data-reuters.md) | +2.3% | +0.8% |
| EURUSD | 2026-09-01 | [Euro zone inflation rises above 3%, cementing ECB rate hike bets \| Reuters](https://feedsoft.ai/events/17697-euro-zone-inflation-rises-above-3-cementing-ecb-rate-hike-bets-reuters.md) | +0.1% | -2.4% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/ecbs-rehn-warns-risk-lengthy-inflation-surge-2021-10-19/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.