ECB’s Muller Can’t Rule Out Interest-Rate Hike in April

European Central Bank Governing Council member Madis Muller said he can’t exclude an increase in borrowing costs at next month’s policy meeting should the Iran war keep oil and natural gas prices elevated.

“It’s very hard to say what state we might be in by the end of April,” the Estonian official said Tuesday in an interview in Tallinn. “We certainly can’t rule out changes in interest rates already in April if energy prices remain at a high level for a long time.”