ZURICH — European Central Bank policymaker Robert Holzmann hopes to see the end of negative interest rates by the time his six-year term ends, he told an Austrian tabloid, praising new ECB head Christine Lagarde for fostering collegiality among his peers. Holzmann, who as head of the Austrian central bank gets a seat on the ECB's Governing Council, told the Krone paper his goal was to have savers get a return on their money again. "It won't be tomorrow or the day after tomorrow, but I hope it will be during my tenure," he said in an interview https://www.krone.at/2057604 published on Sunday. Holzmann joined the ECB in September. Lagarde, a Frenchwoman who used to head the International Monetary Fund, replaced Mario Draghi as ECB president last month.

Source: International New York Times December 08, 2019 09:11 UTC