ECB’s De Cos: Central bank could start rate cuts in June

The European Central Bank (ECB) policymaker Pablo Hernandez de Cos said on Sunday that the central bank could begin cutting interest rates in June after an easing in eurozone inflation, per Reuters, 

Key quotes

"If our macroeconomic forecasts are met in the coming months, it is normal that we will start cutting rates soon and June could be a good date to start.”

"The current degree of consensus is very high and I hope this will continue to be the case.”

"In any case, I believe that the current degree of consensus is very high and I hope this will continue to be the case.“

"Very explicit about the time pattern of rates.”

Market reaction

The EUR/USD pair is trading lower at 1.0885, down 0.03% on the day.