Holzmann Calls for Four Further 50bps ECB Hikes

Full Holzmann article here: https://www.handelsblatt.com/finanzen/geldpolitik/...

Article highlights:

• He calls for four sharp interest rate hikes by the summer and faster balance sheet reductions by the central bank.
• He calls for interest rates to be raised by 50 basis points at each of the next four meetings
• Holzmann believes that a restrictive level of interest rates that would slow down the economy would only be reached from a deposit interest rate of four percent.

First comments we've seen from Holzmann on rates specifically in about a month - he stated in early February that he sees the ECB terminal rate being hit around the middle of the year, or Q3 by the latest. Back then he also stated that he cannot tell where the terminal rate will be - so appears we're getting some more clarity over his view here.