- ECB’s Muller: Rate hikes are having an effect but inflation is still too high
Market news
1 March 2023
ECB’s Muller: Rate hikes are having an effect but inflation is still too high
European Central Bank (ECB) Governing Council member Madis Muller said on Wednesday, “rate hikes are having an effect but inflation is still too high.”
“Expectations of rapid ECB rate cuts are wishful thinking,” Muller added.
Market reaction
The EUR/USD pair was last seen trading at 1.0637, up 0.60% on a daily basis.
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