ECB Rate Pause Until Autumn Makes Sense, Holzmann Tells ORF

The European Central Bank may be able to keep interest rates on hold over the summer, according to Governing Council member Robert Holzmann.

“The inflation goal is already in reach, so for me it made sense maybe not to cut rates until the autumn to be sure that — given the uncertainty we have everywhere about the economy — we don’t experience another bout of inflation,” he said, explaining why he was the sole dissenter at Thursday’s ECB decision.