European Central Bank's Governing Council member Madis Muller said on Friday that yesterday’s rate-hike decision by ECB will not be the last as there is no sign yet of a clear slowdown in the Eurozone's core inflation. "Interest rates must be raised as long as we can be reasonably confident that inflation in the euro area will be slowing steadily to close to 2% over a reasonable period of time," he added.
The official, however, noted that at the moment, nobody knows how high the rates are to increase, adding that this will depend on how the economy evolves in the coming months and quarters.