European Central Bank's Olli Rehn is sounding alarms about inflation sliding below targets. He's pushing hard for coordinated efforts to secure Ukraine funding—a move that could ripple through global risk sentiment. Downside inflation risks aren't just academic talk anymore. When central bankers start shifting their tone, markets listen. The Ukraine funding angle adds another layer: fiscal support at this scale affects currency flows and safe-haven demand. For crypto watchers, ECB policy pivots matter. Lower inflation expectations typically mean dovish monetary policy ahead, which historically fuels appetite for alternative assets. Keep an eye on how European fiscal decisions cascade into broader market liquidity.