European Central Bank member says more rate hikes still possible if new shocks emerge
Publishing timestamp: 2023-10-10 07:14:09
Summary
Austrian central bank Governor Robert Holzmann stated that the European Central Bank could implement one or two further interest rate increases if there are "additional shocks" to the economy. However, he also mentioned that the hiking cycle could end if everything goes well. Holzmann's French counterpart, Francois Villeroy de Galhau, also commented on inflation, stating that it is a sickness and forecasting a landing near 2% by 2025.
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Keywords: eur/usd, business news,