ECB policymaker Moulin said on Saturday that following last month’s rate hike
Inflation has eased with a sharp fall in oil prices, leaving the central bank
"well placed." He said the ECB does not give forward guidance and therefore will
not signal what it will do in July. Moulin added the ECB's 2.25% policy rate is
"very low" versus other central banks, that June's hike was "reasonable," and
that ECB communication indicated the June increase did not mark the start of a
new tightening cycle.
