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Final decision will be based on December data – Robert Holzmann

Commenting on the European Central Bank (ECB) signal of additional stimulus in December, the legislator and governor of the Austrian National Bank, Robert Holzmann, said the final decision will be based on December data.

Additional comments:

“It is correct to assume that Lagarde signaled that more stimulus would come.”

“We see little effectiveness in any interest rate cut”.

Market reaction

EUR / USD was last seen trading at 1.1676, almost unchanged on the day or after previous comments.

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Credits: Forex Street

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