Strong ECB statement equivalent to a bigger rate hike, Holzmann says

ECB policymaker Holzmann holds news conference on latest economic forecasts in Vienna

VIENNA (Reuters) – The European Central Bank’s message that it is serious about fighting inflation was a strong signal equivalent to a bigger increase in interest rates, ECB hawk Robert Holzmann said on Friday.

“It is a toughly hawkish statement that for me is equivalent to the 75 (basis-point increase previously suggested),” Holzmann told a news conference. The ECB raised rates by 50 basis points and signalled it would do the same at future meetings.

(Reporting by Francois Murphy; Editing by Hugh Lawson)

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