ECB’s Muller, Kazaks suggest July rate hike is on the table
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European Central Bank (ECB) policymaker Madis Muller said Friday that the focus needs to be on fighting high inflation.
Earlier on, his colleague Martins Kazaks said he “hopes that first rate hike will take place in July.”
Market reaction
EUR/USD is holding the lower ground, having failed to recapture 1.0600, as the US dollar sustains the renewed upside.
The spot was last seen trading at 1.0568, down 0.17% on the day.
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