
European Central Bank policymaker and Austrian National Bank (OeNB) Governor Robert Holzmann attends a news conference in Vienna, Austria December 2, 2019. REUTERS/Leonhard FoegerRegister now for FREE unlimited access to Reuters.comRegisterVIENNA, April 29 (Reuters) – European Central Bank policymaker and hawk Robert Holzmann expects an initial interest rate increase this summer or autumn and for rates to rise gradually before settling next year around 1% or 1.5%, he told Austrian broadcaster ORF on Friday.”I belong to the group that is now in favor of rapid action. That means in summer, maybe in autumn. In addition and if necessary in December,” he said. …
Read more…….