ECB Holzmann opts for 4 strong hikes

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ECB's Holzmann calls for 50 BPS hikes at the next 4 meetings. In addition he would like the PEPP program to be included in the balance sheet reduction, whose maturing instruments are reinvested for the time being. In his opinion, PEPP should be "pulled" into QT in autumn. These comments are very hawkish, however Holzmann belongs to the extreme group of "ultrahawks" at the ECB.

EURUSD tried to rebound slightly after Holzmann's comments. Source: xStation5

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