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De Cos: Rates To Remain Restrictive For Prolonged Time

ECB
  • Speaking in Barcelona, ECB Governing Council member De Cos (up next voting in Jun-Sep ECB meetings) says:
  • Tightening well advanced, but still a way to go
  • Rates to remain restrictive for prolonged time
  • Rate hikes impact on inflation to peak in 2024 – all bbg

  • It follows comments from May 17 that the ECB is getting closer to the end of the tightening cycle and that the mon pol transmission remains strong, and before that moderately more dovish comments on May 11 that “Once we enter restrictive territory, and we’ve been there for a while now, the need for additional increments disappears”... “We’re closer to the end.”

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