ECB’s Holzmann: A rate cut is not a foregone conclusion for me at all

Dhwani Mehta FXStreet

European Central Bank (ECB) policymaker Robert Holzmann said in a Politico interview on Monday, “a rate cut is not a foregone conclusion for me at all.”

Additional quotes

Latest data shows inflation well above 2% in December.

That will likely also be the case for January.

ECB risks hurting its credibility if it cuts rates when inflation rises faster than initially thought.

Market reaction

EUR/USD was last seen trading 0.28% higher on the day at 1.0312.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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