ECB Unlikely to Cut Interest Rates Before Fed, Holzmann Says

European Central Bank Governing Council member Robert Holzmann said he doesn’t see interest-rate cuts in the euro area before the US. “If the Fed changes its policy hiking, then I assume it will have the same conditions like in Europe, because these currency areas are interrelated so this would then also mean that we have to rethink,” the Austrian central bank chief said on Bloomberg Television.