ECB Governing Council Member Mulan Views 2.25% Rate as Very Low, Inflation Data Improves on July 4

According to Jin10, on July 4, ECB Governing Council member Mulan stated that inflation has fallen following recent oil price declines, putting the central bank in a favorable position. Mulan noted that the ECB's 2.25% interest rate is "very low" compared to other central banks, and the June rate hike was "justified" under any circumstances. He added that the ECB's communication at the time indicated the hike did not mark the beginning of a new tightening cycle.
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