ECB’s Muller Says Rate-Hike Chances Higher But Urges Calm

European Central Bank Governing Council member Madis Muller said the chances of an interest-rate hike have risen of late, but that officials shouldn’t react hastily to the war in Iran and its implications.

“The probability of the next change in the policy rates now being more towards an increase rather than the opposite,” the Estonian official told an event Tuesday in Vilnius. “That probably has gone up in the last couple of weeks.”