ECB’s Muller: The central bank should likely raise rates by a little

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European Central Bank (ECB) Governing Council member Madis Muller said on Thursday, “the ECB should likely raise rates by a little.”

“Inflation is a bigger problem than the rise in borrowing costs.”

“It is vital for us to get inflation under control.”

Amidst a fresh round of the US Dollar selling in early Europe, EUR/USD is extending gains above the 1.0900 level, despite the dovish comments from Muller. The pair is trading at 1.0923, up 0.63% on the day.

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