European Central Bank (ECB) policymaker Robert Holzmann said in a Politico interview on Monday, “a rate cut is not a foregone conclusion for me at all.”
Additional quotes
Latest data shows inflation well above 2% in December.
That will likely also be the case for January.
ECB risks hurting its credibility if it cuts rates when inflation rises faster than initially thought.
Market reaction
EUR/USD was last seen trading 0.28% higher on the day at 1.0312.
Source: https://www.fxstreet.com/news/ecbs-holzmann-a-rate-cut-is-not-a-foregone-conclusion-for-me-at-all-202501200731