ECB‘s Holzmann: Developments In Middle East May Affect Rate Cuts

17 April 2024

By Aurėja Bobelytė – VILNIUS (Econostream) – Geopolitical developments in the Middle East pose the largest threat to interest rate cuts this year, European Central Bank Governing Council member Robert Holzmann said Wednesday.

In an interview with CNBC, Holzmann, who heads the Austrian National Bank, said, ‘We have seen what’s happened in the Middle East ... we may have a different oil price, and this of course may require us to rethink our strategy’.