ECB Considers December Interest Rate Cut

Robert Holzmann, a policymaker at the European Central Bank (ECB), indicated that a further interest rate cut in December is possible, contingent on upcoming economic data. He noted that currently, there is no reason to rule out a rate cut, following three reductions earlier this year. However, Holzmann emphasized that the final decision will rely on the ECB's latest forecasts, which will be reviewed in December. The ECB's next meeting is scheduled for December 12, when the governing council will assess the economic outlook before making any moves. This statement aligns with Holzmann's previous comments suggesting a potential cut of 25 basis points, but also highlights the uncertainty tied to forthcoming data. Overall, the ECB remains in an easing cycle, though the situation could change based on new information.