Emmanuel Moulin states the ECB’s June rate increase positions it well amid easing inflation and lower oil prices.
European Central Bank Governing Council member Emmanuel Moulin said the ECB is in a “good position” following its June interest rate hike. He cited easing inflation and a decline in oil prices as key factors supporting the central bank’s stance.
Moulin declined to comment on potential July policy moves, emphasizing the ECB does not engage in forward guidance. The ECB raised rates in June to address inflation, which remains above its 2% target.
The Euro showed little reaction in early Asian trading, with EUR/USD holding near 1.1433.