ECB’s Muller Sees More Than One More Quarter-Point Rate Hike

The European Central Bank is likely to continue raising interest rates at least two more times, according to Governing Council member Madis Muller.

“Looking at how fast inflation is right now, I think it’s very likely that we’re in for more than one more 0.25% interest rate hike,” the Estonian central bank chief told reporters in Tallinn on Wednesday. “It also seems to me that it’s probably too optimistic to expect interest rates to drop early next year.”