ECB Official Dekos: The ECB May Start Cutting Interest Rates In June

103

ECB policymaker Pablo Hernández de Cos said on Sunday that the central bank may start cutting interest rates in June following a fall in inflation in the euro zone.

If the ECB’s macroeconomic forecasts come true in the coming months, then we will soon start cutting interest rates, which is normal, and June may be a good time to start cutting interest rates.

The current level of consensus among the ECB on this is very high and I hope this will continue.

Regardless, I think the level of consensus at the ECB is very high right now and I hope that will continue.

The ECB’s expectations for the timing of adjustments to interest rate policy are very clear.

EUR/USD was lower at 1.0885, down 0.03% on the day.