ECB: Austrian central banker wants interest rate increase of 0.5% in September

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The Austrian central banker and member of the Board of Directors expressed his desire for a higher increase in ECB interest rates in September. of Robert Holzman Bank.

According to Reuters, the Austrian banker who is known as a “hawk” within the ECB, when asked in a press conference if he has accepted the increase of interest rates by 0.25% in July, but would like to increase by 0.5% or more in September, he replied that this that is not entirely wrong.

He added that the higher the inflation, the greater the risk of consolidating expectations for its course, noting that the ECB must take action.

It is recalled that the ECB announced yesterday that it was ending its current bond-buying program and announced its first interest rate hike in more than 11 years.

Bank President Christine Lagarde referred to an increase of 25 basis points (0.25%) in July but left the window open for the corresponding size of an increase in September, saying that the ECB will first look at the data.

Source: Capital

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