ECB’s Rehn Says Hike Not ‘Self Evident,’ Rate Path Not Locked In

European 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.”