- Analytics
- News and Tools
- Market News
- ECB's Muller: Significant rate hike needed in October
ECB's Muller: Significant rate hike needed in October
European Central Bank (ECB) Governing Council member Madis Muller told Bloomberg on Thursday that the ECB's monetary policy is still accommodative and they need to move further with tightening.
"Inflation calls for significant rate hikes," Muller noted and added something similar to the last two hikes would be appropriate.
Key takeaways
"It is too early to say how much in basis points."
"We should have a QT discussion relatively soon."
"The euro rate is one of the metrics we're looking at."
Market reaction
These comments failed to help the shared currency and EUR/USD was last seen losing 0.7% on the day at 0.9667.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
