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ECB: Holzmann Sees Likelihood Of December Rate Cut

ECB
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  • Bloomberg reports Austria Central Bank Governor Holzmann saying in an interview with Oberoesterreichische Nachrichten that he sees a likelihood for a moderate rate cut in December.
  • It’s admittedly nothing hugely new, seeing as he said on Nov 21 that a December cut was the likeliest outcome but not certain as he saw a need for policy to stay restrictive amid price risks, although it’s still coming from one of the ECB’s ardent hawks.
  • ECB-dated ESTR OIS shows a 28bp cut priced for Dec 12.
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  • Bloomberg reports Austria Central Bank Governor Holzmann saying in an interview with Oberoesterreichische Nachrichten that he sees a likelihood for a moderate rate cut in December.
  • It’s admittedly nothing hugely new, seeing as he said on Nov 21 that a December cut was the likeliest outcome but not certain as he saw a need for policy to stay restrictive amid price risks, although it’s still coming from one of the ECB’s ardent hawks.
  • ECB-dated ESTR OIS shows a 28bp cut priced for Dec 12.