ECB’s Muller: Temporary ups and downs on inflation are inevitable

• Temporary ups and downs on inflation are inevitable.
• There was consensus at ECB’s Governing Council.
• The period of strong inflation is behind us. I want to see inflation around 2%.
• Markets see another 100 bps of rate cuts.
• Rates are still relatively high given the economy.
• Rates are still holding back the economy a little bit.
• Return to zero rates is only in the case of emergency.
• I can’t yet gauge the impact of Trump policy on Europe.

This article was written by Giuseppe Dellamotta at www.forexlive.com.