ECB's Rehn sees inflation stabilising at target despite bumps

HELSINKI (Reuters) - Euro zone inflation may be bumpy but that was always expected and data continues to suggest that price growth will settle at the European Central Bank's 2% target, Finnish policymaker Olli Rehn said on Wednesday.

"The dynamics of inflation continue to indicate that inflation will stabilise at the target in the medium term, even though its downward path has slowed somewhat in recent months," Rehn told a conference. "We always knew that it will be a bumpy road."

(Reporting by Anne Kauranen; Writing by Balazs Koranyi; Editing by Peter Graff)

You May Also Be Interested In

• European shares tick higher as easing Fed hike bets lift gold
• Myanmar confirms nearly 309,000 Rohingya in Bangladesh, says security issues delaying repatriation
• Morning Bid: Could consumers keep the Fed on hold, while Japan hikes?