ECB's HOLZMANN LEANING TOWARDS SEPTEMBER RATE HIKE

The European Central Bank may need to raise interest rates further, Austrian central bank chief Robert Holzmann said on Thursday, just as fresh figures showed euro zone inflation steadied in August, defying expectations for a drop. The ECB has raised rates at every meeting over the past 13 months but policymakers are now contemplating a pause given a deterioration of the economic growth outlook and the risk of a recession.

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