“I was always against linking the bond purchase program and the rate hike too closely.”
(Photo: Bloomberg)
Frankfurt A few days before the important ECB meeting in mid-December, the Austrian central bank chief Robert Holzmann warned of the risk of excessive inflation. He thinks it is “very unlikely” that inflation in the euro area “will reach a value of less than two percent in 2022 as a whole [wird]“, He told the Handelsblatt. In its current forecast from September, the ECB is still assuming a rate of 1.7 percent for the coming year. She will come up with new predictions in December.
Holzmann expects that inflation will peak at the turn of the year, because some base effects will then expire due to the very low previous year’s figures and energy prices will no longer rise as sharply. “On the other hand, delivery bottlenecks will continue to play a major role, for example in the case of food.”
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