ECB’s Muller: Rate hikes are having an effect but inflation is still too high

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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