ECB must remain vigilant, be ready to hike rates again, Holzmann says
© Reuters. European Central Bank policymaker Robert Holzmann holds a news conference on the latest economic forecasts by the Austrian National Bank, which he heads, the day after a scheduled rate-setting meeting in Vienna, Austria, December 16, 2022. REUTERS/Lisa Le
At its last meeting on Oct. 26 the ECB left interest rates unchanged, ending an unprecedented streak of 10 consecutive rate hikes, and insisted that market talk of rate cuts was premature. The ECB has lifted rates by a combined 4.5 percentage points since July 2022 to combat runaway price growth but is now pausing as record-high borrowing costs are starting to work their way through the economy.
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