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ECB's Holzmann: I don't see a reason to lower rates too much too quickly
ECB'S HOLZMANN: I DON'T SEE A REASON TO LOWER RATES TOO MUCH TOO QUICKLY.
— FinancialJuice (@financialjuice) May 8, 2024
Added at 9:23am
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Holzmann: “The Fed is the gorilla in the room”
According to ECB Council member Robert Holzmann, at best an oil price shock can prevent the interest rate turnaround from starting in June. In an interview with the Handelsblatt, the head of the Austrian Central Bank speaks out against successive interest rate cuts by the European Central Bank (ECB). “If the time comes in June, further steps will certainly follow,” said Holzmann. “But I see no reason at all for us to cut key interest rates too much too quickly.” Holzmann's statements make it clear that the start of the interest rate turnaround in June is almost certain. In the spring he had put the brakes on ... (full story)