VIENNA (Reuters) – As points presently stand, there is no factor for the European Central Bank not to reduce rates of interest in December yet the choice will certainly be based upon the information readily available after that, ECB policymaker Robert Holzmann stated in comments released on Sunday.
Last month the ECB cut rates of interest for the 3rd time this year and 4 resources near to the choice informed Reuters a 4th cut was most likely in December unless information reversed in the coming weeks.
“As things look at the moment, it is possible (that there will be a cut in December). There is nothing at the moment that would argue against that but that does not mean it will automatically happen,” Holzmann, that heads the Austrian National Bank, stated in a meeting with the Kleine Zeitung paper.
“We do not have the latest forecasts and data. We will receive those in December. We will decide on that basis, yes or no,” he stated.
Holzmann stated last month a week after the most up to date price reduced that a cut of 25 basis factors was feasible in December while at the very same time duplicating that it would certainly depend upon the financial information readily available at the time.
(Reporting by Francois Murphy; Editing by Susan Fenton)
