ECB’s Rehn Says Hike Not ‘Self Evident,’ Rate Path Not Locked In
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000European Central Bank Governing Council member Olli Rehn said faster inflation due to the Iran war doesn’t make an interest-rate hike “self evident,” reiterating that policymakers aren’t pre-committing to a path for borrowing costs. “Rate decisions are not locked in beforehand,” the Finnish official said Tuesday in Helsinki. “Although a rise in headline inflation this year is unavoidable, it is still unclear what effect the war will have on inflation over the medium term.”