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ECB is confident next move will be rate cut, de Cos says

Published 02/06/2024, 04:13 AM
Updated 02/06/2024, 04:15 AM
© Reuters. FILE PHOTO: Bank of Spain Governor Pablo Hernandez de Cos, speaks during the HKMA-BIS High-Level Conference in Hong Kong, China November 28, 2023. REUTERS/Tyrone Siu/File Photo

© Reuters. FILE PHOTO: Bank of Spain Governor Pablo Hernandez de Cos, speaks during the HKMA-BIS High-Level Conference in Hong Kong, China November 28, 2023. REUTERS/Tyrone Siu/File Photo

NICOSIA (Reuters) - The European Central Bank is confident that inflation is coming back to its 2% target and that its next move will be cutting interest rates, policymaker Pablo Hernandez de Cos said on Tuesday.

"It is already very important for European citizens to know that we are confident the next move will be a cut," the Spanish central bank governor told an event in Cyprus. "I think it's also wise not to be precise (on the timing)."

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