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ECB board member Holzmann said that the September rate cut is not a certainty. He stressed that he does not want to cut rates too early and believes that the Fed's rate cut will make it easier for the ECB to cut rates further. At the same time, he mentioned that the fight against inflation has been largely won. This shows that when considering monetary policy, the central bank will pay close attention to inflation data and economic conditions to make the most appropriate decision. Therefore, it will be very important for market participants to pay attention to the dynamics of the ECB and the upcoming economic data.

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