Strong ECB statement equivalent to a bigger rate hike, Holzmann says
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FILE PHOTO: The building of the European Central Bank (ECB) is seen amid a fog before the monthly news conference following the ECB's monetary policy meeting in Frankfurt, Germany December 15, 2022. REUTERS/Wolfgang Rattay
VIENNA (Reuters) - The European Central Bank's message that it is serious about fighting inflation was a strong signal equivalent to a bigger increase in interest rates, ECB hawk Robert Holzmann said on Friday.
"It is a toughly hawkish statement that for me is equivalent to the 75 (basis-point increase previously suggested)," Holzmann told a news conference. The ECB raised rates by 50 basis points and signalled it would do the same at future meetings.
(Reporting by Francois Murphy; Editing by Hugh Lawson)
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