Central Banks
ECB’s Holzmann Says Quarter-Point Rate Cut Probable in December
- Half-point move unlikely, but not impossible, he says
- October reduction could also mean a break at last 2024 meeting
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The European Central Bank will most likely lower interest rates by another 25 basis points this year even as upside inflation risks linger, said Governing Council member Robert Holzmann.
At the same time, neither a larger step nor a pause can be excluded, the Austrian central-bank chief said in an interview in Washington, where he is attending the annual meetings of the International Monetary Fund.