ECB's Muller: Fast Hormuz solution needed to hold in June
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.
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