• 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.
ECB's Muller
ECB's Muller