ECB’s Muller: Fast Hormuz solution needed to hold in June
The post ECB’s Muller: Fast Hormuz solution needed to hold in June appeared on BitcoinEthereumNews.com. 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 doesn’t 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. ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice v