ECB’s Holzmann pushes for break after cutting in June

A June ECB rate hike appears to be a done deal but what happens afterwards is up for debate. The hawks — led by the ECB’s Roberg Holzmann — want to take a break.

He spoke in an interview with Platow:

• We
  have no new information in July, so I would refrain from taking any
  further steps. I see no reason why should we take two steps in a row
• If developments continue as before, he could imagine one or two reductions in 2024 after June
• Economic momentum in the euro area is “much, much lower” than in the USA
• Says he fears a geopolitical spike in oil prices
• Idea of a dot plot is worth discussing

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