ECB's Rehn says the latest Euro-area inflation reading was expected and focused on medium term; rate hike is not guaranteed

ECB's Rehn's comments suggest a cautious stance on future rate hikes, indicating that while the recent inflation data was anticipated, the central bank remains focused on medium-term prospects rather than immediate actions. This signals potential uncertainty in the rate path, which could influence EUR sentiment and fixed income markets as traders reassess their expectations around ECB policy adjustments.