• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Inflation could prompt ECB to tighten policy quicker, Holzmann says

September 8, 2021 by David Barret Leave a Comment

September 8, 2021

FRANKFURT (Reuters) -The European Central Bank could tighten policy sooner than many expect as inflationary pressures could prove to be persistent, ECB policymaker Robert Holzmann said in a contribution to Eurofi Magazine on Wednesday.

The ECB, which meets on Thursday, has kept policy ultra-easy since the start of the coronavirus pandemic, and it promised an even longer period of accommodation when it unveiled a new strategy in July. But inflationary pressure have built quicker over the summer months than many predicted.

“There is the possibility that we may be able to normalize monetary policy sooner than most financial market experts expect,” Holzmann, Austria’s central bank chief, said.

Holzmann said he saw potential upward price pressures from persisting global supply bottlenecks, labor shortages, pent-up household demand, the cost effects of climate change policies, and higher headline inflation getting entrenched into expectations.

The ECB is on Thursday expected to reduce stimulus while still promising copious support for years to come.

“This does not mean that we will withdraw accommodation prematurely, but rather that accommodation will be needed for a shorter period than what markets expect,” Holzmann said.

Holzmann also said ultra-easy monetary policy may lead to financial imbalances, adverse distributional effects and inefficient capital allocation.

(Reporting by Balazs Koranyi; Editing by Catherine Evans and John Stonestreet)

Source Link Inflation could prompt ECB to tighten policy quicker, Holzmann says

David Barret
David Barret

Related posts:

  1. Qualcomm says it will supply chip for new Renault electric vehicle
  2. China’s Liu He says support for private business has not changed
  3. Standard Chartered arranges $1.1 billion financing for Angola water project
  4. Phone blackout imposed on Nigerian state amid crackdown on kidnappers

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Constipated? This One Fruit Could Help, Says First-Ever Evidence-Led Diet Guidance
  • NGC 2775: This Galaxy Breaks The Rules Of “Galactic Evolution” And Baffles Astronomers
  • Meet The “Four-Eyed” Hirola, The World’s Most Endangered Antelope With Fewer Than 500 Left
  • The Bizarre 1997 Experiment That Made A Frog Levitate
  • There’s A Very Good Reason Why October 1582 On Your Phone Is Missing 10 Days
  • Skynet-1A: Military Spacecraft Launched 56 Years Ago Has Been Moved By Persons Unknown
  • There’s A Simple Solution To Helping Avoid Erectile Dysfunction (But You’re Not Going To Like It)
  • Interstellar Object 3I/ATLAS May Be 10 Billion Years Old, This Rare Spider Is Half-Female, Half-Male Split Down The Middle, And Much More This Week
  • Why Do Trains Not Have Seatbelts? It’s Probably Not What You Think
  • World’s Driest Hot Desert Just Burst Into A Rare And Fleeting Desert Bloom
  • Theoretical Dark Matter Infernos Could Melt The Earth’s Core, Turning It Liquid
  • North America’s Largest Mammal Once Numbered 60 Million – Then Humans Nearly Drove It To Extinction
  • North America’s Largest Ever Land Animal Was A 21-Meter-Long Titan
  • A Two-Headed Fossil, 50/50 Spider, And World-First Butt Drag
  • Interstellar Comet 3I/ATLAS Is Losing Buckets Of Water Every Second – And It’s Got Cyanide
  • “A Historic Shift”: Renewables Generated More Power Than Coal Globally For First Time
  • The World’s Oldest Known Snake In Captivity Became A Mom At 62 – No Dad Required
  • Biggest Ocean Current On Earth Is Set To Shift, Spelling Huge Changes For Ecosystems
  • Why Are The Continents All Bunched Up On One Side Of The Planet?
  • Why Can’t We Reach Absolute Zero?
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version