ECB Governing Council member Holzmann: Before cutting interest rates, it is necessary to ensure that CPI reaches the target path
According to reports from Golden Ten, ECB Governing Council member Holzmann said that before cutting interest rates, the ECB must ensure that the consumer price index (CPI) is on the path to reach its target.
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On September 2, the Bank of Canada held its overnight rate at 2.25% for the seventh consecutive time. However, as the US-Canada tariff war has escalated and inflation risks have intensified, the market has shifted to betting on a rate hike. Governor Macklem warned that trade frictions will threaten the sustainability of the recovery. 63% of analysts expect the Bank of Canada to raise rates in the first half of 2027, while market pricing has shifted from expectations of easing to preparing for tightening in a stagflation scenario.
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