ECB’s Holzman says he would support a rate cut next week but next moves not automatic

Comments from Austrian ECB official Robert Holzmann via Econostream:

• What I see at the moment is that the disinflation process is indeed underway
• There will be no automaticity on further moves after June
• Each cut that follows will need its own justification
• In Sept and in Dec we will have new information and we will have to make a new decision

That sounds like he’s ruling out a process of cutting at every meeting but will go where the data says.

This article was written by Adam Button at www.forexlive.com.