Feb 4, 2023
ECB May Reach Terminal Rate by Third Quarter, Holzmann Says
(Bloomberg) -- European Central Bank interest rates may peak around the middle of the year or by the third quarter at the latest, which can lead to renewed reductions over the coming years, Governing Council member Robert Holzmann says on public broadcaster ORF.
- Says cannot tell where the terminal rate will be, but it’s somewhat higher than current level
- Says difficult to speak of slowdown in inflation until core inflation starts to retreat
- NOTE: ECB Plan for Next Big Hike Makes Lagarde Last Hawk Standing
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