ECB's Holzmann: No reason to cut key interest rates too quickly and too strongly
European Central Bank (ECB) policymaker Robert Holzmann said on Wednesday that he doesn't see a reason to cut key interest rates "too quickly or too strongly," per Reuters.
Meanwhile, ECB policymaker Pierre Wunsch argued that costs of keeping a too tight policy for too long seem to outweigh the cost of easing prematurely. "There is room to cut 50 basis points but when will depend on data," Wunsch added.
Market reaction
These comments don't seem to be impacting the Euro's valuation in a noticeable way. At the time of press, the EUR/USD pair was virtually unchanged on the day at 1.0750.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
