Stubbornly high inflation still warrants another 50 basis-point increase in interest rates at the European Central Bank’s May meeting, Governing Council member Robert Holzmann told Boersen Zeitung newspaper in an interview, reiterating a view he told Bloomberg earlier.
(Bloomberg) — Stubbornly high inflation still warrants another 50 basis-point increase in interest rates at the European Central Bank’s May meeting, Governing Council member Robert Holzmann told Boersen Zeitung newspaper in an interview, reiterating a view he told Bloomberg earlier.
- “The danger of currently doing too little and to fan inflation is bigger than the risk of doing too much”
- On quantitative tightening: “If the current pace of €15 billion ($16.5 billion) a month doesn’t trigger any problems on the markets for private or public securities, in my opinion there’s a lot that would support increasing the tempo from July”
- NOTE: ECB Half-Point Hike ‘Still on Cards’ for May, Holzmann Says
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