ECB rate hike not self-evident says policymaker Rehn
ECB official Olli Rehn says an April rate hike is not certain while monitoring Middle East tensions. He expects inflation to rise throughout this year.
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Olli Rehn, a member of the European Central Bank Governing Council, stated on Tuesday that an interest rate increase at the bank's next policy meeting on April 30 is not a certainty. The policymaker noted that the central bank is closely monitoring the conflict in the Middle East and its potential spillover effects on the global economy. Rehn, who serves as the governor of the central bank of Finland, explained that while a rise in headline inflation is likely unavoidable this year, the medium-term impact of the war remains unclear.
