ECB Governing Council member Robert Holzmann said that the ECB may be able to keep interest rates unchanged during the summer. “The inflation target is within reach, so in my opinion, it's probably reasonable to stay on hold until fall, so that — given the uncertainty that prevails in the economy — we don't experience another round of inflation,” he explained why he was the sole opponent of the ECB's resolution last Thursday. In a live interview with the Austrian public broadcaster ORF, Holzmann stressed that the ECB “makes individual decisions based on the latest data at every meeting, so it may stay on hold for a long time, or cut interest rates further if the economic situation worsens.”

ECB Governing Council member Robert Holzmann said that the ECB may be able to keep interest rates unchanged during the summer. “The inflation target is within reach, so in my opinion, it's probably reasonable to stay on hold until fall, so that — given the uncertainty that prevails in the economy — we don't experience another round of inflation,” he explained why he was the sole opponent of the ECB's resolution last Thursday. In a live interview with the Austrian public broadcaster ORF, Holzmann stressed that the ECB “makes individual decisions based on the latest data at every meeting, so it may stay on hold for a long time, or cut interest rates further if the economic situation worsens.”