European Central Bank committee member Muller said that interest rates are likely to rise in the next few quarters.

Sina Finance News, March 31st, European Central Bank Governing Council member Muller said that due to the inflation impact of the Iran war, borrowing costs may have to be raised in the coming quarters. The Estonian official said on Tuesday that if energy costs remain high for a long time, policymakers will have to take action. He said that based on the prolonged high energy costs, the baseline economic forecast of the European Central Bank appears to be somewhat optimistic. According to this baseline forecast, the inflation rate in 2026 is expected to be 2.6%. Muller told reporters in Tallinn, "Interest rates are likely to rise in the coming quarters."