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Joachim Nagel - 2 Pierre Wunsch - 2 Wunsch - 2 Balazs Koranyi - 2 Francois Murphy - 2 Austria's Robert Holzmann - 2 Ann Saphir - 1 Robert Holzmann - 1
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Search resuls for: "Austria's Robert Holzmann"


8 mentions found


☆ ECB hawks push back on early rate cut bets
  + stars: | 2023-11-17 | by ( ) www.reuters.com   time to read: +3 min
"It would be unwise to start cutting interest rates too soon," Bundesbank President Joachim Nagel said in a speech. Austria's Robert Holzmann was even more explicit, arguing that the second quarter was simply too soon for a rate cut. Asked if he ruled out an interest rate cut in the second quarter of next year, he said: "That would be a bit early." The ECB held rates unchanged in October, snapping a streak to ten straight rate hikes, fuelling market bets that its record-breaking tightening streak is now over and the next move is a cut. Instead of easing policy, the ECB should tighten further, Wunsch argued, by ending early its bond purchases in the 1.7 trillion euro Pandemic Emergency Purchase Programme.
Persons: Joachim Nagel, Ann Saphir, Robert Holzmann, Holzmann, Pierre Wunsch, Wunsch, Nagel, Balazs Koranyi, Francois Murphy, Kirsten Donovan, Andrew Heavens Organizations: European Central Bank policymaker, Kansas City Fed, REUTERS, European Central Bank, ECB, Thomson Locations: Jackson, Jackson Hole , Wyoming, FRANKFURT, VIENNA, Belgian
☆ Stop or go? Five questions for the ECB
  + stars: | 2023-09-11 | by ( Yoruk Bahceli Stefano Rebaudo | Yoruk Bahceli | Stefano Rebaudo | ) www.reuters.com   time to read: +5 min
European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council's monetary policy meeting at the ECB headquarters in Frankfurt, Germany, July 27, 2023. "It's such a close call between the pause and the rate hike," said ING's global head of macro Carsten Brzeski. Traders are torn but favour an ECB pause, pricing in around a 40% chance of a hike. For many economists, one thing is clear: if the ECB has further tightening to deliver, September is likely its last chance. Even the hawks, keeping a hike on the table, say fresh ECB projections on Thursday are key to the decision.
Persons: Christine Lagarde, Kai Pfaffenbach, Reinhard Cluse, Mario Centeno, Isabel Schnabel, Austria's Robert Holzmann, Iain Stealey, Philip Lane, Kaspar Hense, Yoruk Bahceli, Stefano Rebaudo, Dhara Ranasinghe, Susan Fenton Organizations: European Central Bank, ECB, REUTERS, Central Bank, Traders, UBS, JPMorgan Asset Management, Reuters, ING, BlueBay Asset Management, Reuters Graphics Reuters, Thomson Locations: Frankfurt, Germany, Italy
☆ ECB policymakers line up behind rate hike plans
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +3 min
Underlying inflation eased to 5.3% in May, but a big chunk of the drop was due to a one-off administrative discount in German transport prices. Wunsch has said in the past that the ECB's deposit rate could hit 4% if underlying inflation did not moderate. Joining the chorus behind rate hikes, Estonian central bank chief Madis Muller said more rate action is needed. "Euro zone interest rates have not yet peaked," Muller said in a statement. "The ultimate goal is clear for the central bank - we need to quickly get the price rise under control."
Persons: Joachim Nagel, Pierre Wunsch, Wunsch, Austria's Robert Holzmann, Gediminas Simkus, Madis Muller, " Muller, Balazs Koranyi, Andrius Sytas, Julia Payne, Francois Murphy, Terje Solsvik, Alex Richardson, Toby Chopra, Jan Harvey Organizations: Central Bank, ECB, Thomson Locations: FRANKFURT, Belgian, U.S, Estonian
☆ All ECB policymakers but one approve small hike with more to come -sources
  + stars: | 2023-05-04 | by ( ) www.reuters.com   time to read: +1 min
Austria's Robert Holzmann was the sole holdout as the euro zone's central bankers decided on a 25-basis-point rate increase, but he lacked voting rights due to a scheduled rotation on the ECB's Governing Council, the sources said. Holzmann did not immediately respond to a request for comment, and an ECB spokesman declined to comment. Some policymakers, they said, privately anticipate at least two if not three more hikes by the ECB, which has already raised rates seven times since last July by a total 375 basis points. Policymakers at Thursday's meeting were unanimous that the ECB should not sell bonds under its APP even after it stops replacing those that mature in July, the sources said. Reporting By Francesco Canepa, Balazs Koranyi and Frank Siebelt, editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
☆ Exclusive: ECB policymakers converging on 25-bps rate hike in May - sources
  + stars: | 2023-04-13 | by ( Balazs Koranyi | ) www.reuters.com   time to read: +3 min
The ECB has raised rates by at least 50 basis points each at six successive meetings -- the fastest pace on record -- to fight stubbornly high inflation. The sources said that some are advocating no change in May - mostly the same Southern European policymakers who did not support last month's 50 basis point increase, while others - also a small group - argue for another 50 basis point hike. Klaas Knot of the Netherlands said it was unclear whether 50 basis points would be needed or if 25 was enough. Slovakia's Peter Kazimir said the ECB could perhaps slow down the pace of its increases while Austria's Robert Holzmann meanwhile backed another 50 basis point move. Markets currently price 25 basis point hikes each in May and June, while a third such increase is fully priced in by September.
☆ Exclusive: ECB policymakers converging on 25-bps rate hike in May , sources say
  + stars: | 2023-04-13 | by ( Balazs Koranyi | ) www.reuters.com   time to read: +3 min
The ECB has raised rates by at least 50 basis points each at six successive meetings -- the fastest pace on record -- to fight stubbornly high inflation. The sources said that some are advocating no change in May - mostly the same Southern European policymakers who did not support last month's 50 basis point increase, while others - also a small group - argue for another 50 basis point hike. Klaas Knot of the Netherlands said it was unclear whether 50 basis points would be needed or if 25 was enough. Slovakia's Peter Kazimir said the ECB could perhaps slow down the pace of its increases while Austria's Robert Holzmann meanwhile backed another 50 basis point move. Markets currently price 25 basis point hikes each in May and June, while a third such increase is fully priced in by September.
☆ ECB's Schnabel pushes back on smaller rate hikes
  + stars: | 2022-11-24 | by ( ) www.reuters.com   time to read: +3 min
However Schnabel, the most influential voice in the hawkish camp, said this was premature and could even prove counter-productive. "Incoming data so far suggest that the room for slowing down the pace of interest rate adjustments remains limited, even as we are approaching estimates of the 'neutral' rate," she told an event in London. "The extraordinarily large degree of uncertainty surrounding such estimates implies that they cannot serve as a yardstick to inform the appropriate pace of interest rate adjustments. Dutch governor Knot expressed doubts over market expectations for the ECB's deposit rate, currently at 1.5%, to peak at 3%. In all honesty, I'm not sure about that," Knot told a hearing at the Dutch parliament.
☆ ECB policymakers back jumbo rate hike as German inflation soars above 10%
  + stars: | 2022-09-29 | by ( Francesco Canepa Balazs Koranyi | Francesco Canepa | Balazs Koranyi | ) www.reuters.com   time to read: +4 min
Strengthening the case for another 75 basis point increase, German inflation jumped to 10.9% this month, far beyond expectations for a reading of 10%. "There is no easing in sight, and next year the inflation rate is only likely to fall because energy prices are unlikely to rise again as strongly as this year, partly due to government intervention," Commerzbank economist Ralph Solveen said of the German inflation figures. While few governors ventured to estimate where interest rate hikes could end, de Cos said that models suggest a significantly lower terminal rate than markets now expect. "On the basis of current information, the median terminal rate value across models is at 2.25%-2.50%," de Cos said. Rate hike talk is intensifying even as recession fears rise.
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