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ECB: Rates will have to go much higher – Robert Holzmann

The head of monetary policy at the European Central Bank (ECB), Robert Holzmandeclared on Wednesday that “the Rates will have to rise much more to reach sufficiently restrictive levels to ensure a timely return of inflation to target“.

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“CPI inflation is expected to ease, but risks remain on the upside amid heightened uncertainty.”

“There are no signs of unanchoring market expectations on inflation.”

Core inflation has not peaked, must be closely watched“.

“The ECB’s determination will not change until core inflation subsides.”

“The data will determine the course of the ECB rate beyond neutral.”

“It’s too soon to talk about the terminal rate.”

“We have to be very cautious about moving too fast with the QT.”

Source: Fx Street

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