Madis Muller, a member of the Governing Council of the European Central Bank (ECB), stated on Thursday that “the ECB should probably hike rates by a little bit.”
Further references
“A bigger issue than rising borrowing prices is inflation.”
“Controlling inflation is crucial for us.”
Market response
Despite Muller’s dovish remarks, the US dollar is once again being sold in early Europe, and the EUR/USD is continuing to rise beyond 1.0900. The price of the pair has increased by 0.63% today to 1.0923.
