Central Banks
ECB’s Holzmann Says September Cut Isn’t ‘Foregone Conclusion’
- Inflation almost defeated but risks still lingering, he says
- Austrian central-bank head speaks in interview in Jackson Hole
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European Central Bank Governing Council member Robert Holzmann warned that interest rates won’t necessarily be lowered next month — despite several of his colleagues signaling a cut.
“As always, I keep my reservations until the day of decision, and we’ll have a number of data coming in,” the hawkish Austrian central bank chief said at the Federal Reserve’s annual conference in Jackson Hole.