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Market News
ECB Has No Reason to Cut Interest Rates Now, Holzmann Says - BLOOMBERG
By Jana Randow
The European Central Bank should allow uncertainty stoked by US President Donald Trump’s broadside on global trade to clear before considering any further interest-rate cuts, according to Governing Council member Robert Holzmann.
Tariffs and threats of counter-measures make it next to impossible to predict if inflation in the 20-nation euro zone will continue to approach the ECB’s 2% target as planned, Holzmann said in an interview in Vienna. A pause in April is therefore policymakers’ best choice and preferable to rushing into action.
