ICYMI: ECB Holzmann says likely room for another 50bp rate hike

European Central Bank European Central Bank The European Central Bank (ECB) represents the central banking entity in the Eurozone that oversees monetary policy for the bloc. As a growing geographic and economic region, the eurozone now includes 19 countries, which rely on the euro as their national currency.The eurozone presently consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.In terms of monetary The European Central Bank (ECB) represents the central banking entity in the Eurozone that oversees monetary policy for the bloc. As a growing geographic and economic region, the eurozone now includes 19 countries, which rely on the euro as their national currency.The eurozone presently consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.In terms of monetary Read this Term (ECB) policymaker Robert Holzmann heads the Austrian National Bank. He spoke in an interview in Vienna, with remarks on the ECB policy path ahead.

• another +50bp rate hike is “still on the cards” if the situation surrounding the global banking system doesn’t worsen
• acknowledged that the bank failures could have a comparable effect to interest-rates hikes by curbing credit growth
• also added that Sunday’s OPEC+ announcement of a surprise output cut isn’t likely to have a major impact on the path ahead
• “For the time being a little bit of optimism has returned, but there’s still some kind of uncertainty,”
• “If things in May haven’t really become more terrible, I think we can afford another 50 basis points, and in particular, if no social agreement emerges to temper inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term we’ll have to do more to produce it.”

The next ECB policy meeting is May 4: