European Central Bank (ECB) Governing Council member, Robert Holzmann, revealed in an interview that he will not be pursuing a second term as the head of the Austrian National Bank, once his current stint concludes in August 2025. Holzmann stated that he made this decision five years ago, emphasizing that significant progress has been made during his tenure. This announcement comes at a crucial time for the ECB and the Austrian National Bank, signifying a forthcoming leadership transition with Holzmann's term ending.