ECB official suggests possible rate cut in December, citing concerns for export nations like Austria.

Robert Holzmann, a member of the ECB's Governing Council and Governor of Austria's central bank, suggested that an interest rate cut in December is possible but not guaranteed. The ECB will review the latest data before making a decision at their meeting on December 12th. Holzmann also expressed concerns about a stronger Eurozone bloc potentially harming global trade for smaller export nations like Austria.

November 10, 2024
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