ECBs Muller: Fast Hormuz solution needed to hold in June

WikiBit 2026-05-13 19:27

European Central Bank (ECB) policymaker Madis Muller said on Wednesday that a fast resolution in the Strait of hormuz is needed for the ECB to hold rates

Finance

European Central Bank (ECB) policymaker Madis Muller said on Wednesday that a fast resolution in the Strait of hormuz is needed for the ECB to hold rates unchanged in June.

Regarding the economic outlook, Muller noted that the Eurozone has not fallen into stagflation and added that he doesnt see any resons to talk about recession.

Market reaction

EUR/USD stays under bearish pressure following these comments and was last seen losing 0.3% on the day at 1.1705.

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