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European Central Bank Council Member Holzmann: Raising interest rates may not be the last

European Central Bank Council Member Holzmann: Raising interest rates may not be the last

The European Central Bank’s 10th straight interest rate hike may not be the last if inflation in the euro zone remains very high. According to Bloomberg, ECB Council Member and Austrian Central Bank Governor Robert Holzmann said this on Saturday on the sidelines of an informal meeting of EU economic and finance ministers in Santiago de Compostela, Spain.

ECB Council Member and ÖNB Governor Robert Holzmann
Photo: OINB

“We can’t say with certainty that this was the most recent increase,” Holzman said. “The probability is not high, but there is a risk that further tightening will be necessary.”

Last Thursday, as part of the fight against high inflation, the European Central Bank raised key interest rates at its special interest rate meeting to the highest level since the beginning of the monetary union in 1999. The key interest rate rose from 4.25 to 4.50 percent.

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The European Central Bank raises its key interest rate again

Frankfurt. As part of the fight against inflation, the European Central Bank raised interest rates for the tenth time in a row.

The European Central Bank raises its key interest rate again

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