ECB determined to act on medium-term inflation outlook - Rehn

(Reuters) - Finnish central bank governor Olli Rehn said on Monday that the European Central Bank's Governing Council was determined to act if the medium-term inflation outlook continues to fall short of its target of below but close to 2%."Despite the stronger labour market and accelerating wages, inflationary pressures remain muted, and indicators of inflation expectations have declined with the weakening economic outlook," Rehn, a Governing Council member, said in a speech published by the..