All ECB policymakers but one approve small hike with more to come -sources

Kitco Media
By Reuters
Published:
Updated:
Reuters
FRANKFURT, May 4 (Reuters) - All European Central Bank policymakers but one agreed to slowing down the pace of rate increases at Thursday's meeting while guiding for more hikes ahead, four sources told Reuters, with some seeing two or three further rises in borrowing costs. 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.
(Reporting By Francesco Canepa, Balazs Koranyi and Frank Siebelt, editing by Mark Heinrich)

Messaging: francesco.canepa.thomsonreuters.com@reuters.net))
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