ECB Governing Council Member: If the euro strengthens, the ECB may need to cut rates again

Jinse Finance reported that European Central Bank Governing Council member and Governor of the Austrian National Bank, Robert Holzmann, stated on Wednesday that if the euro appreciates further and begins to put pressure on the ECB's inflation outlook, the ECB may need to consider another rate cut. He said: "If the euro appreciates further, at some stage, this will of course create a certain necessity to respond in terms of monetary policy." (Financial Times)