ECB's Holzmann: We stand ready to raise rates again if necessary

<ul><li>Markets should know that it's not the end of the story yet</li><li>Anything can happen in December meeting</li></ul><p>Interestingly enough, when asked if he does rule out a rate cut in Q2 next year, he replies "that would be a bit early". It's a confusing one as does it mean it is too early to rule out rate cuts or does he deem that Q2 is too early to think about rate cuts? I reckon he means the latter but comments like this can be lost in translation at times.</p>

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