ECB's Holzmann says should not count on rate cuts at all this year

<ul><li>Rate cut expectations are optimistic</li><li>Geopolitical developments pose a risk to prices outlook</li><li>Does not see a real recession coming to the Eurozone</li></ul><p>They are really trying to push back hard against the current market pricing. Holzmann's comments add to the ones earlier from Nagel <a href="https://www.forexlive.com/centralbank/ecbs-nagel-it-is-too-early-to-talk-about-rate-cuts-20240115/" target="_blank" rel="follow">here</a>, which suggests policymakers are looking for a much farther timeline on rate cuts – or so they say.</p>

This article was written by Justin Low at www.forexlive.com.