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MNI BRIEF: ECB July Hike A First Signal - OeNB's Holzmann

(MNI) London

The decision by the ECB Governing Council to end APP and announce a 25bps rate hike in July represent a “necessary first signal to the markets that we are aware of the risks of high inflation and are making the right decisions in the Governing Council in order to meet the price stability goal in the euro area,” Austrian National Bank governor Robert Holzmann said Friday.

Austrian headline inflation is expected to be 7.0% in 2022, 4.2% in 2023 and 3.0% in 2024, according to the OeNB’s latest figures, published in their updated forecasts.

MNI London Bureau | +44 20 3983 7894 |
MNI London Bureau | +44 20 3983 7894 |

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