Holzmann Sees More ECB Rate Cuts in Not-Too-Distant Future

A faster-than-expected retreat in euro-zone inflation will allow the European Central Bank to cut interest rates again before too long, according to Governing Council member Robert Holzmann.

Last week’s decision to cut by a quarter point was the “right one,” Holzmann, one of the ECB’s most hawkish officials, said at an event hosted by Bloomberg in New York. “I’m sure there will be others following in the future, and not too far.”