2025 Mar 14, 13:25
ECB Governing Council member Robert Holzmann has made it clear that there should be no assumption of rate reductions in the near future. Despite the ECB's history of ten consecutive rate increases, Holzmann stressed that there is no guarantee of rate cuts for the year 2024. This cautious approach was further emphasized by Holzmann's comments on inflation and the effects of the ECB's policy measures. While he acknowledged that monetary policy normalization has already started to slow down inflation, he mentioned that it would be premature to consider rate cuts at this point
This statement highlights the ECB's commitment to maintaining stability and carefully considering the impact of any policy changes. Holzmann's remarks also suggest that the ECB is closely monitoring the economic situation and will adjust its policies accordingly. Overall, it is clear that the ECB is taking a cautious and measured approach to its decision-making process, prioritizing stability and a thorough evaluation of market conditions.