ECB’s Holzmann Says Current Data Don’t Justify Bigger Cut: CNBC

European Central Bank Governing Council member Robert Holzmann said current economic conditions don’t justify cutting interest rates by 50 basis points at December’s meeting — even though some policymakers will probably put that option on the table.

“I saw the change that we had, the cut we had recently as precautionary,” Holzmann told CNBC, saying the choice for December should be between another quarter-point cut and keeping borrowing costs where they are.