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ECB Official Considers Possible Rate Cut in December

04/12/2024 12:13

According to Odaily, European Central Bank (ECB) Governing Council member Robert Holzmann has indicated that a 25 basis point interest rate cut in December is conceivable. However, he emphasized that any reduction would not exceed this margin. The decision on future interest rate adjustments has not yet been made and will depend on the data available at the December meeting. Holzmann's comments come amid concerns about inflationary pressures in Europe, which have been exacerbated by external factors. Former U.S. President Donald Trump's actions are reportedly casting a shadow over European inflation, potentially influencing inflation expectations. The ECB is closely monitoring these developments as it considers its monetary policy strategy moving forward. The outcome of the December meeting will be crucial in determining the ECB's approach to managing inflation and supporting economic stability in the region.

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