ECB’s Muller Warns Chinese Export Curbs Could Fuel Inflation

Chinese measures to curb the export of rare earths could reignite price pressures in the euro zone if they ripple through the global economy, according to European Central Bank Governing Council member Madis Muller.

With interest rates at an appropriate level, officials should be “patient” and mindful of developments that could pull price pressures in both directions, the head of Estonia’s central bank said in an interview.