European Central Bank officials, including Holzmann, are cautious about further rate cuts, emphasizing reliance on data for future decisions. Holzmann believes the recent rate cut is a step in the right direction but remains uncertain about future moves. Kazimir and Nagel also express caution, citing the fragility of the Eurozone's economic situation and the need to wait for more data in September before making decisions. The ECB may hold off on rate cuts to monitor inflation and economic outlook.
The ECB may not cut interest rates again for a while as it watches to see how quickly inflation recedes to its 2% target, according to Governing Council member Joachim Nagel https://t.co/tTsEdyrj8q
ECB'S NAGEL: THE RIGHT MOMENT FOR FULL RATE DESCENT HASN'T YET COME.
ECB'S NAGEL: RATES ARE ON A MOUNTAIN RIDGE, NOT A PEAK.
ECB'S NAGEL: WE MUST BE CAUTIOUS ABOUT FUTURE RATE MOVES.
ECB'S KAZIMIR: IT'S A NON-NEGLIGIBLE RISK OF RESURFACING PRICE PRESSURES.
ECB'S KAZIMIR: I WILL WAIT FOR NEW DATA IN SEPTEMBER, WE WILL HAVE MORE DATA ON THE ECONOMY & OUTLOOK BY AUTUMN.
ECB'S KAZIMIR: THE ECONOMIC SITUATION IN THE EUROZONE REMAINS FRAGILE.
ECB'S KAZIMIR: DISINFLATION WILL BE BUMPY BUT I AM CONFIDENT THAT ECB IS MOVING TOWARDS THE TARGET.
ECB'S KAZIMIR: SEPTEMBER WILL BE PIVOTAL MONTH AS LOT OF NEW DATA ARE PUBLISHED BY THEN.
ECB'S KAZIMIR: INFLATION IS BEAST NOT YET BROKEN, AND PRICE PRESSURES CAN REAPPEAR.
ECB'S KAZIMIR: WE SHOULD NOT RUSH INTO ANOTHER RATE CUT AND SHOULD SIT OUT THE SUMMER.
ECB'S KAZIMIR: WE SHOULD NOT RUSH INTO ANOTHER RATE CUT, AND SHOULD SIT OUT THE SUMMER.
The #ECB’s September policy meeting will be key for officials to determine whether to cut rates again, Peter Kazimir says
The ECB’s September policy meeting will be key for officials to determine whether to cut rates again, Peter Kazimir says https://t.co/GYHw8EU08x
ECB Divergence From Fed Would Fuel Inflation, Holzmann Says https://t.co/95QItmYaH4
🇪🇺 When asked whether the rate cut marked a shift towards lower borrowing costs, or was a step that did not commit the bank toward a particular direction, Holzmann was cautious. "I think it's a step in the right direction," he said. "I hope - I don't know - that there won't be a… https://t.co/uE6lnZhbMj
ECB's Holzmann says further rate cuts by the Bank could slam EUR and spike inflation https://t.co/jX9eqkC0hQ
ECB's Holzmann voices caution on rates outlook https://t.co/qyLiDtFPG8 https://t.co/hU2x1ezjyM
Further ECB rate cuts may risk a stronger impact on the euro exchange rate and inflation, Robert Holzmann said https://t.co/L3ikLweQuh
ECB President Holzmann emphasizes reliance on data for future decisions regarding the speed of policy moves. #ECB #economy #news
HOLZMANN: SPEED OF FURTHER ECB MOVES DEPENDS ON DATA
Holzmann stated that the European Central Bank believed reducing rates was the only viable option in response to current economic challenges.