(Finance) – The European Central Bank’s monetary policy must remain restrictivegiven persistent inflation risks. He supports it Robert Holzmanngovernor of the Austrian central bank and therefore also a member of the Governing Council of the ECB, in an interview with Bloomberg.
“It is not yet guaranteed that inflation will sustainably reach 2% and, as long as there are risks to this, we must not let our guard down – he said – Remove our commitment to maintain the restrictive policy as necessary for as long as necessary at this point it would be premature.”
“Warnings that inflation risks not reaching our target are not justified,” Le said Price pressures in services are still highsome of the latest wage deals are not yet in line with our goal and geopolitics pose further risks.”
“A cut in December seems likely from today’s perspective – highlighted – Holzmann – But it is not yet a done deal”.