More on the reported "ECB will probably have to do more in May" comments from Holzmann

You may have missed the headlines from head of the Austrian National Bank Robert Holzmann, which were, in brief:

• We (the European Central Bank) will probably have to do more in May on rates

I am not sure where Holzmann was speaking.

The Austrian National Bank (OeNB) did present its financial statements and Annual Report 2022 overnight (March 23 Europe time). Holzmann made some points on ECB policy, inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term and stability in these

• Looking ahead, it is reassuring to note that both crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Read this Term and gas prices are already past their peak. Overall, the OeNB therefore expects HICP inflation in Austria to decline from 8.6% in 2022 to 6.8% in 2023.

More here if you are interested.