ECB May Mull Waiting Before Next Rate Cut, Holzmann Tells Kurier

(Bloomberg) -- The European Central Bank could consider waiting longer before its next rate cut if inflation risks from energy prices or a stronger depreciation of the euro materialize, according to Governing Council member Robert Holzmann.

“It could be the case that we take more time before lowering rates again,” the Austrian National Bank’s governor said in an interview with the Kurier newspaper published on Saturday. “It’s true, some energy prices are trending upwards again. But there are also other scenarios for how inflation could return, such as a stronger depreciation of the euro.”

Asked about the prospect of rate hikes returning, Holzmann, who’s considered among the most hawkish members of the ECB’s policy-setting panel, said: “I don’t see rate increases at the moment.”

https://finance.yahoo.com/news/ecb-may-mull-waiting-next-073300199.html