"ECB Members Doubtful About Rate Cuts in 2024"
European Central Bank Governing Council member Robert Holzmann indicated that the bank may not implement any interest rate cuts in 2024, contrary to market expectations, citing a rise in headline inflation to 2.9% in December. Holzmann emphasized the need for a clear decline in inflation towards the 2% target before considering rate cuts and highlighted geopolitical tensions in the Middle East as a potential risk to the economic outlook.