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No reason not to cut rates in Dec as of now, ECB's Holzmann tells paper

European Central Bank policymaker Robert Holzmann gestures in Vienna

European Central Bank policymaker and Governor of the Austrian National Bank Robert Holzmann gestures during an interview with Reuters in his office in Vienna, Austria, April 2, 2024. REUTERS/Leonhard Foeger/File Photo

 Leonhard Foeger

VIENNA (Reuters) - As things currently stand, there is no reason for the European Central Bank not to cut interest rates in December but the decision will be based on the data available then, ECB policymaker Robert Holzmann said in remarks published on Sunday.

Last month the ECB cut interest rates for the third time this year and four sources close to the decision told Reuters a fourth cut was likely in December unless data turned around in the coming weeks.



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