ECB board member Holzmann: Proposal for 50 basis point rate cut is absurd

Odaily Planet Daily News: European Central Bank board member Holzmann said that he does not think there is a reason to cut interest rates at present. It is trade rather than interest rates that inhibit investment. The eurozone is unlikely to fall into recession, but growth may weaken. The proposal to cut interest rates by 50 basis points is ridiculous. (Jinshi)