ECB’s Muller: It’s likely that inflation will be somewhat elevated
ECB Officials Address Inflation and Global Uncertainty
During European market hours, François Villeroy de Galhau and Madis Muller from the European Central Bank (ECB) shared their perspectives on inflation and ongoing geopolitical challenges.
François Villeroy de Galhau, Governor of the Bank of France
The ECB remains alert and attentive.
We are navigating a period marked by uncertainty.
We possess the tools and readiness to respond when needed.
Madis Muller, Member of the ECB Governing Council
We have encountered similar situations before.
It is likely that inflation will edge higher in the near term.
Market Response
The Euro (EUR) has shown a positive response following statements from several ECB representatives after the end of the blackout period. At the time of reporting, EUR/USD is trading 0.14% lower at approximately 1.1572, though it has rebounded from an earlier low of 1.1552.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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