The market is fully priced for a 25 bps rate cut next week with another cut nearly fully priced in for March. Holzmann is a hawk, so these comments aren't a surprise, but they're not market moving. He said inflation gauges are still very strong and a danger of cutting rates and then having to hike again.
ECB's Holzmann says it would be better to wait a bit longer on rate cuts
- He won't be winning that argument
