ECB’s Muller: Too early to talk about rate cuts in the near term

European Central Bank (ECB) policymaker Madis Muller said on Friday that it is “too early to talk about rate cuts in the near term.”

Additional quotes

Too early to celebrate victory over inflation.

Still a little bit to go to reach 2% inflation target.

Market reaction

At the time of writing, EUR/USD is keeping its range at around 1.0985, down 0.06% on the day.