ZURICH—The European Central Bank could begin increasing interest rates before ending its bond purchasing programme, ECB policymaker Robert Holzmann said, challenging the bank’s long-held view on the sequence of its upcoming policy moves. With inflation hitting fresh record highs in recent months, the ECB recently walked back on a pledge not to raise rates this…
Inflation Outlook Highly Uncertain, ECB’s Holzmann Tells Paper
VIENNA—There is “a great deal of uncertainty” over how long inflation will remain well above the European Central Bank’s target of around 2 percent, ECB Governing Council member Robert Holzmann said in an interview with newspaper Die Presse published on Sunday. The ECB has long held the view that inflation will decline this year from…
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