ECB's Holzmann hopes peak rates will be reached within 12 months - Handelsblatt

Kitco Media
By Reuters
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Updated:
Reuters
BERLIN, March 6 (Reuters) - European Central Bank policymaker Robert Holzmann hopes that peak interest rates will have been reached within the next 12 months, according to an interview with German business daily Handelsblatt. "My hope is that within the next 12 months we will have reached the peak of interest rates," Holzmann said in the interview published on Monday. He added that he expected it to take "a very long time" for inflation to come down. (Writing by Friederike Heine, Editing by Paul Carrel)

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