According to CNBC, European Central Bank (ECB) board member Robert Holzmann suggested that Eurozone interest rates should remain stable until the implications of United States (US) tariffs and European Union (EU) retaliatory actions become clearer.
Key Statements
- Rate reductions should be postponed until tariff impacts are better understood.
- A “general agreement” existed regarding rate decreases, though some differences of opinion persisted.
- The extent of [tariff] retaliatory measures was not yet fully apparent.
- Additional rate cuts are possible this year, but the precise quantity remains uncertain.
- While multiple outcomes concerning prices and rate adjustments are still conceivable, the current trend points downward.
