ECB's Muller: Appropriate to raise policy rate by 25 bps in July – Bloomberg
|European Central Bank (ECB) Governing Council member Madis Muller told Bloomberg that it would be appropriate for the ECB to hike its policy rate by 25 basis points in July.
"We should continue with a further hike of 50 basis points in September," Muller added and noted that the rate path was in line with most other ECB officials' views.
Market reaction
The EUR/USD pair edged slightly lower on these comments and was last seen trading at 1.0424, where it was down 0.05% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.