Europe could lower rates ahead of Fed, ECB's Holzmann says
© Reuters. FILE PHOTO: European Central Bank policymaker and Governor of the Austrian National Bank Robert Holzmann addresses the media in Vienna, Austria, March 23, 2023. REUTERS/Leonhard Foeger/File PhotoVIENNA - The European Central Bank could lower its key interest rate before the U.S. Federal Reserve, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday.
Holzmann, 75, who is governor of the Austrian National Bank, also told the paper that he would not seek a second term at the helm of the country's central bank. His term is due to run until the end of August 2025. "From today's perspective, I'd say: interest rate cuts are likely to come. When will depend largely on what wage and price developments look like by June," he added.
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