Europe's hawkish figure has ruled out easing in April

European Central Bank Governing Council Member Robert Holzmann said that April is not on his radar for a rate cut. A new one has been added to the June signals for a rate cut in Europe. European Central Bank Governing Council Member Robert Holzmann, known as one of Europe’s hawkish monetary policy officials, said in an interview with Reuters that April is not on his radar for a rate cut, but that they will have more data in June. Holzmann stated that a decision will be made if the data is suitable. Stating that he has no objection in principle to easing in June, Holzmann stated that he first wants to see the data and stick to the data. Holzman said in the interview, “If the data by June shows that there is a strong environment for a rate cut a week before the Fed makes its own decision, we will most likely do so, hoping that the Fed will come. If that doesn’t happen, it could reduce the economic impact of our move.” Holzmann said that a 3 percent deposit rate could be a “good target” in an environment where inflation is 2 percent and productivity is rising by 1 percent.