ECB’s Holzmann supports a 0.75% rate hike in December

The European Central Bank (ECB) is likely to raise interest rates by 75 basis points at the regulator’s next meeting in December. Robert Holtzmann, a member of the ECB's Governing Council, expressed support, stating that further monetary tightening is needed. This is reported by the Financial Times with reference to his interview on Tuesday.

Holtzman said there are no signs for core inflation to decline in the Eurozone. A moderate economic slowdown is expected, according to the report.