ECB’s Muller: Rapid inflation required a robust response

Market news

9 September 2022

ECB’s Muller: Rapid inflation required a robust response

European Central Bank (ECB) Governing Council member Madis Muller said on Friday, “rapid inflation required a robust response.”

Muller appears to be justifying the 75 bps rate hike announced by the ECB on Thursday.

His colleagues have also tried to sound hawkish earlier this Friday but the ECB commentary has failed to extend the EUR/USD recovery.

The pair is trading at 1.0087, adding 0.98% on the day, at the time of writing.

Currencies. Daily history for Friday, September 9, 2022

Commodities. Daily history for Thursday, September 8, 2022

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