ECB’s Holzmann says up to three rate hikes may be ‘appropriate’ this year

‘It would be appropriate to take at least two or even three steps,’ Holzmann tells Austrian newspaper Salzburger Nachrichten.

The European Central Bank may have to raise interest rates up to three times this year to combat higher inflation, ECB Governing Council member Robert Holzmann said in an interview with Austrian newspaper Salzburger Nachrichten.

  • Mark Scott
  • Politico

Holzmann said any such rate hikes would still leave borrowing rates significantly below historical averages.

Central bankers worldwide are struggling to corral inflation rates that have surged because of the war in Ukraine and the global pandemic.

“I think it would be appropriate to take at least two or…

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