Premature to think about rate cuts – Bloomberg

“Monetary policy normalization is already showing its impact on slowing inflation, but it would still be premature to think about rate cuts,” European Central Bank Governing Council member Robert Holzmann said on Thursday, as reported by Bloomberg News.

Holzmann added there is no guarantee of rate reductions in 2024 “even if the ECB is past an unprecedented series of ten consecutive rate increases”.

Market reaction

The EUR/USD pair edged higher after these comments and was last seen rising 0.25% on the day at 1.1130.

Source: https://www.fxstreet.com/news/ecbs-holzmann-premature-to-think-about-rate-cuts-bloomberg-202312281031