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6/29, 9:41 AM (Source: TeleTrader)
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Holzmann: ECB has 'ample room' to raise rates

European Central Bank Governing Council Member Robert Holzmann said on Wednesday that the ECB has "ample room" to raise interest rates in order to fight inflation. The bank announced it will start rate hikes at its next meeting in July, with another increase in September.

"We will have to make an assessment where the economic development is going and where inflation stands and afterwards there’s ample room to hike in 0.25 and 0.5 levels to whatever rate we think, we consider reasonable," Holzmann told CNBC. ECB's Peter Kazimir stated it is likely the rates will be raised by 25 basis points in July and 50 basis points in September.

Baha Breaking News (BBN) / DJ