European Central Financial institution's Holzmann says its not the job of the ECB to spice up the economic system

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Robert Holzmann is Governor of Austria’s central financial institution and a European Central Financial institution Governing Council member.

He spoke on Friday, basking within the glory of Thursday’s ECB price reduce:

  • ECB’s Holzmann: Yesterday’s choice was good

He spoke afterward the identical day, taking a tough stance:

  • “It isn’t the job of the ECB to spice up the economic system, the job of the ECB is value stability,”
  • “To decrease charges now to crank up the economic system would run opposite to our stance.”

Holzmann is likely one of the most hawkish ECB Governing Council members. So he wasn’t simply being grumpy.

Regardless, there shall be loads extra ECB price cuts to return in 2025.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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