ECB Rates Still High Considering Economic Situation, Muller Says.

The European Central Bank's borrowing costs are considered too high by Governing Council member Madis Muller, given the current weak economic growth. The ECB is expected to further reduce interest rates in January and March as inflation stabilizes at the 2% target and economic growth remains slow. Muller believes that the current interest rates are holding back the economy, but he does not explicitly state if he agrees with market expectations of further rate cuts. [Extracted from the article]