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ECB’s Holzmann Expects Deposit Rate to Peak Above 4%

ECB Governing Council member Robert Holzmann expects deposit rate to peak above 4%, with more rate hikes due to stubborn inflation. Fresh ECB forecasts show inflation slowing more than previously thought this year.

1 min read
  • ECB may need to increase borrowing costs by more than 100 basis points before it hits the terminal rate.
  • Holzmann expects peak rate to be above 4%.
  • More rate hikes are expected due to stubborn inflation.
  • Fresh ECB forecasts show inflation slowing more than previously thought this year.
  • Other hawkish policymakers restate the case for lifting rates further.
ECB’s Holzmann Expects Deposit Rate to Peak Above 4%
BloombergZoe Schneeweiss

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