Holzmann, who was the sole dissenter from the governing council’s decision to cut interest rates in June, backed Thursday’s quarter-point cut, which left the benchmark deposit rate at 3.5 per cent.
The European Central Bank on Thursday announced it would cut key interest rates again, marking its second rate reduction this year following a move in June, with no indication of the future rate path.
In August, the U.S. stock market faced significant volatility as investors focused on the Federal Reserve's anticipated interest rate cuts and Nvidia's second-quarter earnings. By the month's end, all ...