ECB Governing Council member Robert Holzmann advised Austrian broadcaster ORG on Sunday, “the economic system will develop much less strongly, the forecasts level on this path, that has made us considerably cautious.”
“We are going to see within the autumn what the financial state of affairs is. Then we will in all probability resolve if we do one other 0.5% (charge hike) or much less,” he added.
He additionally famous that ECB might need to just accept a average recession to curb inflation. “We hope that received’t grow to be mandatory,” he mentioned.
