Economics
ECB’s Holzmann Foresees Steep Rate Hikes to Stem Fast Inflation
- If needed, ECB should raise by 50bps in July, 75bps in Sept.
- Austria’s Holzmann among most hawkish ECB policy makers
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The European Central Bank should increase interest rates by as much as 125 basis points by September if the inflation outlook doesn’t improve, according to Governing Council member Robert Holzmann.