ECB’s Holzmann: The main risk to rate cuts is Red Sea tension

  • Some of the recent wage increases have been quite high
  • It is better to cut rates later than to do so too early
  • We are hoping for rate cuts but have been wrong before

Any excuse will work just to maintain the status quo I guess. They have successfully steered markets away from an April rate cut and all eyes are now on June instead.

This article was written by Justin Low at Source