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Next ECB meeting to consider bank turmoil but no big role -Holzmann

BY Reuters | ECONOMIC | 03/23/23 07:35 AM EDT

BERLIN, March 23 (Reuters) - The fallout from the collapse of Silicon Valley Bank and turmoil at Credit Suisse in the banking sector will be considered at the next ECB meeting in May but likely will not play a big role, said Austria's central bank head on Thursday.

"From the current point of view, and especially the development of the last few days, has not shown that it will have significant effect," said Robert Holzmann, who is also a member of the European Central Bank's Governing Council. (Writing by Miranda Murray, editing by Kirsti Knolle)

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