Robert Holzmann, governor of Austria’s central financial institution.
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The following rate of interest reduce by the European Central Financial institution might be longer in coming after a current uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday.
“I do not see any rate of interest hikes in the intervening time. What might occur, although, is that one takes extra time till the following rate of interest reduce,” Holzmann informed Austrian paper Kurier.
Euro zone annual inflation accelerated in November to 2.2% from 2.0% a month earlier and above the ECB’s 2% goal price.
“Sure, there are indicators of an upward pattern in some vitality costs. However there are additionally different eventualities as to how inflation might return, like through a stronger devaluation of the euro,” stated Holzmann, who’s the top of the Austrian central financial institution.
