ECB’s Müller: Can't rule out rate hike in April

European Central Bank (ECB) Governing Council member Madis Müller said in an interview with in an interview in Tallinn, reported by Bloomberg during European trading hours on Tuesday, that there could be an interest rate hike by the central bank in the April policy meeting.

Additional remarks

It’s very hard to say what state we might be in by the end of April.

We certainly can’t rule out changes in interest rates already in April if energy prices remain at a high level for a long time.

To maintain purchasing power, people would need to start raising wages more.

Market reaction

There seems to be no impact of ECB Müller's comments on the Euro (EUR). As of writing, EUR/USD trades marginally down to near 1.1460.