ECB Official Suggests Possible December Rate Cut

According to BlockBeats, on November 10, European Central Bank (ECB) Governing Council member Robert Holzmann indicated that a rate cut in December is possible, though not guaranteed. Holzmann stated, "Given the current situation, the possibility exists. There is no opposition at present, but that does not mean it will automatically happen." Since June, the ECB has implemented three rate cuts, and the market widely anticipates another reduction next month. Holzmann is known as one of the most hawkish officials and was the sole opponent of the initial rate cut.