Austrian central bank governor Holzmann, a member of the European Central Bank (ECB) policy committee, said a 0.75 percentage point hike should be discussed at the next policy meeting.
Known as the most hawkish of the Policy Board members, he hasoutstanding interest rate hikeI have argued that He worries that price pressures are taking hold, even as analysts predict an economic downturn in the euro zone is looming.
At the Jackson Hole meeting (a symposium hosted by the Kansas City Federal Reserve Bank), Mr. Holzmann said, “Given the worsening inflation situation, I would like to raise interest rates by at least 0.5 percentage points.” should become,” he said.
ECB Holzmann calls for rate hikes of 1.25 percentage points in July and September if needed
ECB policy committee member pigeon hawk distribution map
Source: Bloomberg Economics
Earlier, Archyde.com reported on Wednesday that some ECB policymakers supported discussing a 0.75-point rate hike at its September meeting, citing people familiar with the matter.
ECB policymakers, some hope to discuss 75bp rate hike next month (1)
news-rsf-original-reference paywall">Original title:
news-rsf-original-reference paywall">Three-Quarter-Point ECB Hike Should Be Debated, Holzmann Says(excerpt)
