ECB's Muller says ECB may not need full visibility of second round effects to act

Muller's comments suggest that the ECB may consider acting even without complete clarity on second-round effects, indicating a potentially more proactive stance on monetary policy. This could be interpreted as a signal that the ECB is willing to prioritize rapid responses to inflation or economic conditions over waiting for full data, which may influence market expectations around interest rate decisions. Given the current landscape, this stance could support the euro and affect fixed income markets accordingly.