ECB’s Holzmann Says Any Rate Cut Next Week Will Be ‘Moderate’

European Central Bank Governing Council member Robert Holzmann said any reduction in interest rates at next week’s decision will be “moderate.”

“What can be said now is that inflation developments have gone in the right direction, but there have been in recent times deviations to the upside,” the Austrian central bank chief told Oberoesterreichische Nachrichten in a video interview published Tuesday.