Reported about 1 year ago
European Central Bank policymaker Robert Holzmann expressed caution about whether the recent rate cut indicated a shift towards lower borrowing costs, emphasizing that it is too early to tell. The ECB reduced the rate it pays on bank deposits but refrained from committing to further easing despite disappointing wage and inflation data. Holzmann, the head of Austria's central bank, mentioned that future decisions would depend on data, including the rate differential with the U.S. Federal Reserve, noting that achieving the ECB's 2% inflation target might happen by 2026 if no further shocks occur.
Source: YAHOO