On Thursday (December 28) local time, Robert Holzmann, the European Central Bank's governing committee and Austrian central bank president, stated that it is too early to talk about reducing borrowing costs, and there is no guarantee that interest rates will be cut next year. It is understood that Holzmann is considered the most hawkish member of the European Central Bank's decision-makers (regulatory and executive), and his level of firmness in monetary policy even exceeds that of German central bank Governor Nagel, Belgian central bank Governor Winch, and others.