ECB’s Müller: Increasingly likely ECB needs to raise rates

European Central Bank (ECB) Governing Council member Madis Müller said on Friday that it is increasingly likely the ECB will need to raise interest rates.

Key quotes

Increasingly likely ECB needs to raise rates.

Becoming clearer that energy prices will remain high.

Market reaction

At the time of writing, the EUR/USD pair is trading around 1.1735, up 0.03% on the day.