Economics

ECB’s Holzmann Sees Quality of Stimulus in Focus in December

Austrian central bank chief comments in Bloomberg interview
Lagarde pledged to ‘recalibrate policy’ as crisis worsens

European Central Bank Governing Council member Robert Holzmann says it’s right to assume that President Christine Lagarde signaled more stimulus measures are coming in December when she spoke at yesterday’s ECB monetary policy press conference. “I think this is a correct interpretation, with some caveats,” Holzmann, Austria’s central bank governor, said in an interview with Maria Tadeo in Vienna. They spoke on “BloombergMarkets: European Open.” (Source: Bloomberg)

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By Maria Tadeo, Zoe Schneeweiss, and Jonathan Tirone

October 30, 2020 at 4:23 AM EDT

Updated on

October 30, 2020 at 11:31 AM EDT

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The European Central Bank’s stimulus revamp in December should focus on increasing the effectiveness of the tools rather than just their size, according to policy maker Robert Holzmann.

While the Austrian central bank governor acknowledged that it’s right to assume ECB President Christine Lagarde signaled more policy easing when she spoke on Thursday, he may be warning the market against expectations of a large increase in bond-buying.