Financial system4 hours within the past (Dec 30, 2021 08: 55AM ET)
© Reuters. FILE PHOTO: European Central Bank policymaker and Austrian National Bank (OeNB) Governor Robert Holzmann attends a recordsdata conference in Vienna, Austria December 2, 2019. REUTERS/Leonhard Foeger
BERLIN (Reuters) – European Central Bank will ought to specialize in gradually phasing out damaging hobby charges and unconventional financial coverage in 2022, the institution’s policymaker Robert Holzmann acknowledged on Thursday.
Holzmann, who shall be Austria’s central financial institution chief, acknowledged inflation would top spherical the turn of subsequent twelve months and then slowly weaken again.
The Austrian National Bank expects user prices harmonized with inflation recordsdata from diverse European Union worldwide locations (HICP) to rise 3.2% in 2022, after an amplify of two.7% this twelve months.
At the identical time, it expects HICP to rise 2.3% and a pair of.0% in 2023 and 2024, respectively.
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