Holzmann: ECB's Next Rate Cut May Take Longer

Forex - ECB Governing Council member and Austrian Central Bank President Robert Holzmann stated that the upcoming interest rate cut by the European Central Bank may take longer to materialize following the recent rise in inflation.

In an interview with the Austrian newspaper Kurier, Holzmann said, "I do not see any interest rate hikes at the moment. However, it may take more time until the next interest rate cut."

Holzmann added, "Yes, there are signs of upward trends in some energy prices. However, there are other scenarios for how inflation could return, such as a stronger devaluation of the Euro."