ECB’s Holzmann: Rate cuts must wait for more tariff certainty
Source Fxstreet
CNBC reported that European Central Bank (ECB) policymaker Robert Holzmann said that euro-zone interest rates should be held until more clarity emerges on the path of US tariffs and EU countermeasures.
Key Quotes
- Rate cuts must wait for more tariff certainty.
- There was a “broad consensus” around lowering rates, but some disagreement at the margins.
- It wasn’t clear yet to what extent [tariff] countermeasures were being taken.
- There may be further cuts this year, but the number is still outstanding.
- While various scenarios remained possible with regard to prices and movement of rates, for the time being direction was downward.
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