ECB's Muller: Not sure we need to wait for fully visible second round effects to act

Remarks from the ECB policymaker, Madis Muller to Econostream ECB might not need to wait for fully visible second round effects before increasing ratesOnce energy prices have remained elevated for several weeks, one can already be reasonably confident that second round effects are likelyI would not be surprised if by the next policy meeting, elevated energy prices were… ECB might not need to wait for fully visible second round effects before increasing rates Once energy prices have remained elevated for several weeks, one can already be reasonably confident that s... ECB might not need to wait for fully visible second round effects before increasing rates Once energy prices have remained elevated for several weeks, one can already be reasonably confident that second round effects are likely I would not be surprised if by the next policy meeting, elevated energy prices were already showing up more broadly in the prices of other goods and services If that happens, we need to… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.