New Austrian National Bank (OeNB) Governor Robert Holzmann set out a hawkish stance before his first meeting as a European Central Bank policymaker, saying stepped-up monetary stimulus for the euro zone posed more risks than benefits. Holzmann, 70, is a pensions specialist who has worked at the World Bank and the International Monetary Fund. The man he succeeds at the OeNB and on the ECB’s Governing Council, Ewald Nowotny, also has a hawkish reputation. In an interview with Austrian broadcaster ORF aired on Saturday, Holzmann, who takes over from Nowotny on Sept. 1, said he was working with OeNB staff to draw up his ... (full story)