ECB’s Holzmann: 25 bps rate cut is conceivable in December, not more.

European Central Bank (ECB) policymaker Robert Holzmann said on Wednesday that a “25 basis points (bps) rate cut is conceivable in December, not more.”

Additional quotes

Nothing decided on next rate move, will depend on data available at December meeting.

Trump is casting a shadow over inflation in Europe, will probably drive up inflation forecast.

Dec 4, 2024

Gold price remains confined in a familiar range; looks to Fed’s Powell for fresh impetus

Gold price (XAU/USD) extends its consolidative price move on Wednesday and oscillates in a narrow range below the $2,650 level during the Asian session.

NZD/USD rebounds slightly from one-week low, still deep in the red around mid-0.5800s

The NZD/USD pair attracts fresh sellers following the previous day's good two-way price move and drops to a one-week low during the Asian session on Wednesday.