ECB's de Cos: Should start cutting rates in June if inflation slows down as expected
Source Fxstreet
Apr 30, 2024 10:35
European Central Bank (ECB) policymaker Pablo Hernandez de Cos said on Tuesday that the ECB should start cutting rates in June if inflation continues to slow down as expected, per Reuters.
"Given the high uncertainty, the ECB will follow a data-dependent approach where decisions are taken at each meeting," de Cos added. He also noted that the Spanish central bank was considering setting a positive level for banks' countercyclical buffer.
Market reaction
These comments don't seem to be having a noticeable impact on the Euro's valuation. At the time of press, EUR/USD was up 0.1% on the day at 1.0730.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Related Articles
Mary C. Daly, President of the Federal Reserve (Fed) Bank of San Francisco, highlighted the uncertainty facing the Fed while participating in a fireside chat at George Mason University in Virginia.
Analysts at TD Securities assess the Reserve Bank of Australia's (RBA) policy decisions.
Unit Labor Costs in the nonfarm business sector increased 4.7% in the first quarter of 2024, the US Bureau of Labor Statistics (BLS) reported on Thursday.
