Free Trial

MNI BRIEF: ECB's Holzmann Sees No Rate Cut Guarantee In 2024

(MNI) London

Discussions of ECB easing are premature and there are no guarantees interest rates will fall from current levels in 2024, Austrian central bank head Robert Holzmann said Thursday.

In a statement published on the OENB website, Holzmann said "monetary policy normalisation is already having an effect on the decline in inflation, but it would be premature to think about rate cuts just yet". His views run against those of Portugal's Mario Centeno, who spoke to MNI just before Christmas. (MNI INTERVIEW: ECB Could Discuss Cut Timing In Jan-Centeno)

Holzmann added that the coming year will again be challenging, but inflation will continue to fall, with the euro area "probably" reaching the ECB's 2.0% inflation target within the next two years. Inflation is also expected to fall in Austria, although not as quickly as in the rest of the euro area, he said.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.