Madis Muller, a member of the European Central Bank’s (ECB) Governing Council, stated on Thursday that “the ECB should likely hike rates by a bit.”
“Inflation is a larger threat than rising interest rates.”
“It is critical that we control inflation.”
Muller statement reaction on market
Despite Muller’s dovish comments, the EURUSD is extending advances over the 1.0900 level, amid a fresh round of US Dollar selling in early Europe. The currency pair is now trading at 1.0923, up 0.63% on the day.
