At the next interest rate decision of the European Central Bank (ECB) in July, it would be appropriate to insert an interest break because of all the economic uncertainty. That said Robert Holzmann, president of the Austrian Central Bank and ECB director, to television channel ORF .
The ECB lowered the interest in the eurozone last week for the eighth time since June last year. There will be a new interest rate decision on 24 July, followed by a decision on 11 September.
Holzmann states that the ECB can better wait for the economic situation to develop. For example, there is a lot of uncertainty about the impact of the import duties of US President Donald Trump on the European economy.
If the situation deteriorates, the interest can be further reduced, says Holzmann. That can stimulate the economy.
Joachim Nagel, the president of the ECB, said last weekend that the bank has the time to further determine the interest. According to him, the most important interest rate in the eurozone is 2 percent at a “neutral” level. That has no braking effect on the economy, but also no stimulating effect.
At the next interest rate decision of the European Central Bank (ECB) in July, it would be appropriate to take a rate pace due to all the economic uncertainty. This was Stated by Robert Holzmann, President of the Austrian Central Bank and ECB Director, to Television Channel ORF .
The ECB Lowered Interest Rates in the Eurozone Last Week for the Eighth Time Since June Last Year. A new interest rate decision will be made on July 24, followed by a Decision on September 11.
Holzmann States That the ECB Can Better Wait and See How the Economic Situation Develops Further. For example, there is a lot of uncertainty about the impact of us President Donald Trump’s import Dekens on the European Economy.
If the situation Worsens, Interest Rates May Fall Further, Says Holzmann. That can stimulate the economy.
Joachim Nagel, the President of the ECB, Said Last Weekend That the Bank Has Time to Further Determine Interest Rates. Accordance to him, the most important interest rate in the eurozone is at a “neutral” level or 2 percent. This has no inhibiting effect on the economy, but also no stimulating effect.