Hawkish ECB policy maker Robert Holzmann said he was expecting a September hike of 25 basis-points, but it could be as big as 50 basis points, according to...
The European Central Bank could raise interest rates by 50 basis points in September, said the first member of the governing council to speak after Thursday’s meeting that rattled financial markets.
Hawkish ECB policy maker Robert Holzmann said Friday that he was expecting a September hike of 25 basis-points, but it could be as big as 50 basis points, according to media reports. He was speaking at a press conference at the Austrian central bank, where he is current governor. Bond yields across Europe soared on Thursday as the ECB looked ready to line up with other central banks around the world in tightening policy to get a grip on high inflation.
Goldman Sachs economists said they now expect the ECB will hike interest rates by 50 basis points in both September and October.
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