Some ECB Policy Makers Expect 2-3 More Rate Hikes in the Future

Some European Central Bank (ECB) policymakers expect 2-3 more interest rate hikes in the future, sources said. ECB Governing Council member Holzmann was against the decision to raise interest rates this time, but he did not have a vote at the meeting. The ECB policymakers do not see the need to sell bonds for purchases under the ECB's Asset Purchase Programme.