The ECB may refrain from lowering rates

If the eurozone economy remains stable, the ECB may refrain from further lowering interest rates for an extended period. However, with negative changes in the economy, the regulator may make another reduction this year. This was stated by the head of the Central Bank of Austria, member of the Board of Governors of the ECB Robert Holzman.

Holzmann noted that a possible break in monetary policy easing could last quite a long time. He also stressed that every decision to adjust rates is based on an analysis of current economic indicators.

At the same time, the politician added that in the event of a deterioration in the economic situation, lowering interest rates remains an urgent tool that the regulator can resort to.