ECB's Holzmann: I dissented in this week's rate decision
- Lowering rates at a time of high savings and low investments has no effect except a monetary effect.
- I didn't affect the outcome of the Governing Council meeting with my lone vote.
- We are currently expansive in our monetary policy.
No surprise here that he dissented as that was telegraphed pretty well in his comments preceding the ECB decision. He's been the most hawkish member for quite some time now.
