ECB Governing Council member Madis Muller said, “I think 75 basis points should be among the options for September given that the inflation outlook has not improved.”
“Still, I’m going into the meeting with an open mind and I want to both see the new projections and hear my colleague’s arguments,” he added.
“We should not be too timid with policy moves as inflation has been too high for too long and we are still far below the neutral rate,” he said.
