Central Banks
ECB Half-Point Hike ‘Still on Cards’ for May, Holzmann Says
- Some optimism has returned, official says in interview
- OPEC+ production cut may only have small impact on inflation
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European Central Bank Governing Council member Robert Holzmann said another half-point increase in borrowing costs is “still on the cards” if the turmoil that’s rocked the global banking system doesn’t worsen.
While acknowledging that the episode, sparked by the collapse of Silicon Valley Bank, could have a comparable effect to interest-rates hikes by curbing credit, Holzmann said his “feeling would be to stay on course.”