ECB’s Muller: Temporary ups and downs on inflation are inevitable

European Central Bank (ECB) policymaker Madis Muller said on Friday that “temporary ups and downs on inflation are inevitable.”

Additional quotes

There was consensus at ECB's Governing Council.

The period of strong inflation is behind us. I want to see inflation around 2%.

Markets see another 100 bps of rate cuts.

Rates are still relatively high given the economy.

Rates are still holding back the economy a little bit.

Return to zero rates is only in the case of an emergency.

I can't yet gauge the impact of Trump's policy on Europe.