ECB's Holzmann anticipates further rate rise to combat inflation
Sat, Mar 18, 2023 6:35 PM

ECB's Holzmann anticipates further rate rise to combat inflation

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According to Austria's central bank director Robert Holzmann, the euro zone's inflation is proving more difficult to control than anticipated, and the ECB will likely need to hike interest rates further—possibly above 4%. Inflation is proving to be much more difficult than anticipated, said Holzmann. He stated, "I do predict some further interest rate hikes."

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