ECB’s Muller: Temporary ups and downs on inflation are inevitable

FXStreetDec 13, 2024 8:02 AM

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European Central Bank (ECB) policymaker Madis Muller said on Friday that “temporary ups and downs on inflation are inevitable.”

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There was consensus at ECB's Governing Council.
The period of strong inflation is behind us. I want to see inflation around 2%.
Markets see another 100 bps of rate cuts.
Rates are still relatively high given the economy.
Rates are still holding back the economy a little bit.
Return to zero rates is only in the case of an emergency.
I can't yet gauge the impact of Trump's policy on Europe.

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ECB’s Muller: Temporary ups and downs on inflation are inevitable

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