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ECB Holzmann says Bank will consider economy when raising rates


Holzmann is the head of the Austrian National Bank and therefore a member of the board of directors of the European Central Bank.

He spoke in an interview this weekend with Austrian broadcaster ORF.

Headlines via Reuters:

  • “The economy will grow less strongly, the forecasts point in this direction, it made us somewhat cautious”,

  • “We will see in the fall what the economic situation is. Then we can probably decide if we are still doing 0.5% or less.”
  • The ECB wants to prevent higher inflation expectations from taking hold in the general public

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