ECB Governing Council member Robert Holzmann reiterated his opposition to cutting interest rates at the April 17 policy meeting. “We thought inflation would fall,” the governor of the Bank of Austria told Reuters. “Given that the policy is neutral and inflation is moving closer to the target, there is no reason for easing.”

ECB Governing Council member Robert Holzmann reiterated his opposition to cutting interest rates at the April 17 policy meeting. “We thought inflation would fall,” the governor of the Bank of Austria told Reuters. “Given that the policy is neutral and inflation is moving closer to the target, there is no reason for easing.”