ECB’s Holzmann dissented on the rate cut

Greg had the scuttlebutt on this earlier:

A spokesman for Holzmann confirmed the dissent, due to recent economic data:

  • “Data-driven decisions should be data-driven decisions”

On May 28 Holzmann indicated he was in favour of a cut: “as things stand now, I would support a cut next week, but I will also warn that there should be no automaticity about further moves.” Inflation data on May 31 seems to have changed his mind.

This article was written by Eamonn Sheridan at Source