New Austrian National Bank Governor Robert Holzmann sharply criticized the Europ...
VIENNA - New Austrian National Bank Governor Robert Holzmann sharply criticized the European Central Bank’s ultra-easy monetary policy in an interview on Sunday and said he hoped for a new course under incoming chief Christine Lagarde.
“My statement is that the current monetary policy... is wrong and that a different policy is needed in the future,” Holzmann told Austrian broadcaster ORF. Negative interest rates, on the other hand, bear the risk of negative company dynamics, he said without further elaborating those risks.
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