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ECB rate cut of 25 bps possible, not more, ECB’s Holzmann tells paper
It is “conceivable” that the European Central Bank will cut interest rates by 25 basis points at its next rate-setting meeting this month but not more, ECB policymaker Robert Holzmann said in a newspaper interview published on Wednesday. Investors expect the ECB to cut interest rates at every one of its upcoming meetings at least through next June and the 3.25% deposit rate is now expected to end 2025 at 1.75%, a level low enough - in the view of many economists - to start stimulating growth. “As the data currently stands, I think a reduction of 0.25 percentage points is conceivable (at this month’s meeting), ... (full story)