ECB's De Cos: Geopolitical tensions may push inflation up - Breaking The News

ECB's De Cos: Geopolitical tensions may push inflation up

19 March

1 min read

EPA-EFE/JALAL MORCHIDI

Member of the European Central Bank (ECB) Governing Council and Bank of Spain Governor Pablo Hernandez de Cos said on Tuesday that geopolitical tensions could have a negative impact on inflation and push it up, stressing that it is a risk that cannot be ruled out.

However, De Cos emphasized that he believes that the risks of the inflation outlook are currently balanced, adding that prices are expected to fall further in the coming months, although at a slower pace, to bring inflation to 2.3% in 2024.

Speaking at an event in Madrid, the central banker reaffirmed that the ECB could start cutting interest rates in June, reiterating that the final decision will depend on key economic indicators.

inflation ecb de cos

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