ECB Official Dismisses Rate Cut Proposal Amid Trade Concerns

According to Odaily, European Central Bank (ECB) Governing Council member Robert Holzmann has stated that there is currently no justification for a rate cut. Holzmann emphasized that trade issues, rather than interest rate levels, are hindering investment. He expressed confidence that the eurozone is unlikely to face a recession, although growth may slow down. Holzmann dismissed the proposal for a significant rate cut of 50 basis points as absurd.