De Cos: ECB's next move will be a rate cut - Breaking The News

De Cos: ECB's next move will be a rate cut

6 February

1 min read

EPA-EFE/J.J. GUILLEN

European Central Bank (ECB) Governing Council member Pablo Hernandez de Cos said on Tuesday that the bank is "confident" inflation is coming back to target. The ECB is scheduled to publish its new inflation and growth projections in March, and its latest consumer survey showed inflation expectations for the next 12 months fell from 3.5% to 3.2%.

De Cos said it is "very important for European citizens to know that we are confident the next move will be a cut." However, he did not commit to a particular timeline. Previously, ECB Vice-President Luis de Guindos said inflation in the Eurozone in 2024 could be slightly lower than projected, noting recent "positive surprises" on that front.

ecb de cos

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