ECB's Muller: No further rate hikes expected in near future - Breaking The News

ECB's Muller: No further rate hikes expected in near future

15 September

1 min read

EPA-EFE/MAURITZ ANTIN

European Central Bank (ECB) Governing Council member Madis Muller shared on Friday in a blog post that no further interest rate hikes are expected in the coming months, adding that interest rates have already reached a high enough level to be expected to bring inflation back.

"This, of course, does not rule out the possibility that if the rapid price increase recedes more persistently than expected, interest rates will still have to be increased in the future," he underlined.

On the other hand, commenting on yesterday's decision on interest rates, he emphasized that the worsening outlook over whether price growth will reach the desired 2% in the euro area by 2025 was an important reason why the ECB's Council decided to raise the interest rates again.

inflation interest rate ecb muller

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