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Trading news
20 Jan 2025
ECB’s Holzmann: A rate cut is not a foregone conclusion for me at all
European Central Bank (ECB) policymaker Robert Holzmann said in a Politico interview on Monday, “a rate cut is not a foregone conclusion for me at all.”
Additional quotes
Latest data shows inflation well above 2% in December.
That will likely also be the case for January.
ECB risks hurting its credibility if it cuts rates when inflation rises faster than initially thought.
Market reaction
EUR/USD was last seen trading 0.28% higher on the day at 1.0312.