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ECB May Endure Moderate Recession to Halt Prices, Holzmann Says

Robert Holzmann 

Robert Holzmann 

Photographer: Roni Rekomaa/Bloomberg

The European Central Bank may have to accept a moderate recession to stem price pressures if it sees signals that inflation expectations are rising, Governing Council member Robert Holzmann said.

“We hope that won’t become necessary,” Holzmann told the Austrian public broadcaster ORF late Sunday.