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  • ECB's Governing Council member Holzmann: Timing of rate cuts will depend largely on what wage and price developments look like by June
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01.04.2024

ECB's Governing Council member Holzmann: Timing of rate cuts will depend largely on what wage and price developments look like by June

European Central Bank Governing Council member told in an interview with Austria’s Kronen Zeitung on Saturday that he sees interest rate cuts are likely to come. He, however, stressed that the timing of rate cuts will depend largely on what wage and price developments look like by June.

The official also suggested Europe could cut interest rates before the U.S., admitting that the European economy is growing more slowly than in the U.S.

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