European Central Bank governing council member said on Friday that it would be logical for the ECB to hike its key interest rate at latest by next year, in an interview with Helingin Sanomat. The ECB will ensure that the inflation rate remains moderate in the medium-term, he added. 

Market Reaction

The euro has not reacted to the latest comments from ECB's Rehn, with the market very much already expecting a few ECB rate hike by the end of 2022 in wake of Thursday's hawkish ECB meeting.