ECB’s Muller: Near-term inflation expectations are very low

Speaking in a news conference in Tallinn, the European Central Bank (ECB) Governing Council member Madis Muller said that the near-term inflation expectations are very low.

Additional comments

“If growth recovers as expected, then likely additional increase in asset purchases is probably not needed.”

“PEPP must be a temporary programme.”

“Change in tiering multiplier was not considered at last meeting.”

more to come ....