Further interest rate cuts are likely to occur in the near future due to a faster-than-expected decline in euro-zone inflation, according to Robert Holzmann, a member of the European Central Bank Governing Council.

Holzmann, who is known for his hawkish stance, expressed confidence in the recent decision by the ECB to lower rates by a quarter point, stating that it was the correct decision. He emphasized that the ECB's monetary policy is shifting as inflationary pressures ease, and additional rate reductions are expected to follow soon. This proactive approach by the central bank aims to support economic stability in the euro area.