ECB cannot lower rates too quickly, Holzmann says
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FILE PHOTO: European Central Bank policymaker and Governor of the Austrian National Bank Robert Holzmann gestures during an interview with Reuters in his office in Vienna, Austria, April 2, 2024. REUTERS/Leonhard Foeger/File Photo
VIENNA (Reuters) - The European Central Bank cannot lower rates too quickly given issues including stubbornly high core inflation, policymaker Robert Holzmann said on Tuesday, while maintaining that the next rate decision would depend on data available then.
"I don't think we can go down as straight as it is. In particular as more recently we had some hiccups with regards to inflation and core inflation is still, how to say, closer to 3% than to 2% there. We have a lot of challenges now with regard to energy," he told a conference on central and Eastern Europe.
(Reporting by Francois Murphy; Editing by Alison Williams)
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