Interest Rate Hike Likely Amid Iran Conflict, Says ECB Official

European Central Bank Governing Council member Madis Muller indicated that the likelihood of an interest-rate increase has grown recently. Bloomberg posted on X, highlighting Muller's caution against making hasty decisions in response to the ongoing conflict in Iran and its potential consequences. Muller emphasized the importance of carefully assessing the situation before implementing any monetary policy changes. The ECB continues to monitor global developments closely, considering their impact on the European economy.