ECB's Holzmann: No reason to cut key interest rates too quickly and too strongly

European Central Bank (ECB) policymaker Robert Holzmann said on Wednesday that he doesn't see a reason to cut key interest rates "too quickly or too strongly," per Reuters.

Meanwhile, ECB policymaker Pierre Wunsch argued that costs of keeping a too tight policy for too long seem to outweigh the cost of easing prematurely. "There is room to cut 50 basis points but when will depend on data," Wunsch added.

Market reaction

These comments don't seem to be impacting the Euro's valuation in a noticeable way. At the time of press, the EUR/USD pair was virtually unchanged on the day at 1.0750.