ECB’s Holzmann: 50 bps July rate hike would have raised expectations of bigger rate rises afterwards

Market news

10 June 2022

ECB’s Holzmann: 50 bps July rate hike would have raised expectations of bigger rate rises afterwards

“Even if we had started with a 50 bps rate hike it might have an effect on credibility but it would have raised expectations of bigger rate rises afterwards, “European Central Bank (ECB) Governing Council member Robert Holzmann said on Friday.

Holzmann added, “financial markets reacted very well to yesterday’s announcement.”

Also read: ECB's Holzmann: September rate hike will be at least 25 basis points

Market reaction

EUR/USD was last seen trading at 1.0615, almost unchanged on the day.

Currencies. Daily history for Friday, June 10, 2022

Commodities. Daily history for Thursday, June 9, 2022

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