ECB's Holzmann warming to June rate cut but keeping an eye on Fed
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Published date: 2024/06/10
- Location: 77701, Beauregard, Utah, United States
By Francois Murphy and Balazs Koranyi
VIENNA, VeeloBooster anmeldelse April 3 (Reuters) - The European Central Bank could start cutting interest rates in June as inflation may fall quicker than expected but should not get too far ahead of its U.S. counterpart, as that diminishes the potency of easing, Austrian policymaker Robert Holzmann said.
Euro area inflation has tumbled over the past year and economic growth stalled, shifting the debate to just how quickly and how far the ECB should move in reversing a record string of rate hikes.
"April is not on my radar," Holzmann told Reuters in an interview. "In June we will have more information."
"If the data allows it, a decision will be made," he said. "I don't have an in-principle objection to easing in June, but I'd like to see the data first and I want to stay data-dependent.
VIENNA, VeeloBooster anmeldelse April 3 (Reuters) - The European Central Bank could start cutting interest rates in June as inflation may fall quicker than expected but should not get too far ahead of its U.S. counterpart, as that diminishes the potency of easing, Austrian policymaker Robert Holzmann said.
Euro area inflation has tumbled over the past year and economic growth stalled, shifting the debate to just how quickly and how far the ECB should move in reversing a record string of rate hikes.
"April is not on my radar," Holzmann told Reuters in an interview. "In June we will have more information."
"If the data allows it, a decision will be made," he said. "I don't have an in-principle objection to easing in June, but I'd like to see the data first and I want to stay data-dependent.
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