10/5/2021, 1:07 PM (Source: TeleTrader)
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ECB's Holzmann 'clings to hope' inflation is transitory

European Central Bank Governing Council member Robert Holzmann (pictured) expressed hope on Tuesday that the spike in inflation remains only transitory.

Holzmann, who is the governor of the Austrian Central Bank, previously said that inflation is expected to fall down during next year.

However, prices continue to grow, with Eurostat reporting the annual rise in producer prices landed at 13.4% in August.

Baha Breaking News (BBN) / MD