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European Central Bank member Holzmann says there’s ample room to hike to cool surging inflation
A member of the European Central Bank told CNBC Wednesday that there’s plenty of runway to hike interest rates, following the two planned raises for July and September. All eyes are on the ECB with a critical meeting next month. The euro zone’s central bank has said it will be raising interest rates for the first time in 11 years, but investors are more interested on whether President Christine Lagarde’s team will be able to further tighten monetary policy over the medium term. The ECB has said there will be another hike in September, but doubts currently rest on the period after that — given that the ... (full story)