ECB Is Confident on Inflation Stabilizing at Target, Rehn Says

The European Central Bank is confident inflation will stabilize at its 2% target and monetary policy will cease to be restrictive in the first half of this year, according to Governing Council member Olli Rehn.

The Finnish official said the ECB is vigilantly monitoring inflation, noting that further geopolitical tensions could stoke upward price pressures, such as via an increase in energy and transport costs.