European Central Bank (ECB) policymaker Robert Holzmann expressed in a Bloomberg News interview on Thursday that a quarter-point interest rate cut is likely in December. He noted, however, that while a larger half-point cut is “unlikely,” it is not completely off the table. Holzmann also mentioned that a preemptive cut in October might have been sufficient to allow for a pause in December.
Market reaction to Holzmann’s comments was muted, with the EUR/USD exchange rate trading at 1.0795, reflecting a modest increase of 0.09% for the day.
Related Topics:
- Current EUR Exchange Rate: 80 Euros in Pounds
- Current EUR Exchange Rate: 15 Euro in Australian Dollars
- Current EUR Exchange Rate: 8 Euros in Pounds