[European Central Bank Governing Council Member Muller: Positive Inflation Data, ECB in a 'Favorable Position'] Jin10 Data reported on July 4th that European Central Bank Governing Council Member Muller stated on Saturday that following last month's rate hike, data shows inflation has eased as oil prices have plummeted, putting the ECB in a 'favorable position.' The ECB does not provide forward guidance, so it will not disclose what actions might be taken in July. However, the fact is that the rapid decline in oil prices has given us some relief and placed us in a more advantageous position regarding interest rates. Muller also mentioned that, compared to other central banks, the ECB's 2.25% interest rate level is 'very low,' and the June rate hike was 'reasonable' under any circumstances. He further noted that the ECB's communication at the time indicated that this rate hike was not the beginning of a new tightening cycle.