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Muller Reiterates Inflation Too High

ECB
  • ECB's Muller states that rate hikes are having an effect but inflation is too high, adding that expectations of rapid ECB rate cuts are wishful thinking.
  • Nothing too new here from Muller, the Estonian rep on the ECB. He stated back in December that "rate hikes so far aren't enough" and is firmly in the 50bps camp for the March meeting - Muller stated earlier in February "Half point hike in March is needed to tame inflation".

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