ECB's Muller: It makes sense for ECB interest rates to stay on hold for a while

• It makes sense for ECB interest rates to stay on hold for a while.
• No need to change rates in July; it's not obvious that rates should be much lower even further out.
• Euro's appreciation is quick but not particularly concerning for now.

Nothing new here from Muller but he's sounding like he doesn't want rates to go lower from here.