The upcoming December meeting of the European Central Bank Governing Council is not likely to see a 50 basis point interest rate cut, according to Robert Holzmann, a member of the council.

Holzmann suggested that policymakers should instead consider either a quarter-point reduction or maintaining the current borrowing costs. He characterized the recent interest rate cut as a precautionary measure and stressed the importance of carefully assessing the economic landscape before making any further adjustments.

Holzmann's remarks indicate a cautious approach to monetary policy in light of ongoing economic evaluations.