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De Cos Signals Preference For June Rate Cut

ECB
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Latest headlines from ECB's de Cos note that his central scenario points to a first ECB rate cut in June, and that the "recent decline in general inflation and core inflation show that monetary policy is being transmitted forcefully".

  • De Cos last spoke on March 20, where he did not comment his preferences r.e. the timing of the first rate cut, but noted "A stronger-than-expected monetary policy impact remains a downside risk to the euro area growth outlook".
  • On March 17, he said that a June rate cut was possible, conditional on the incoming data.
  • He is nonetheless a dovish GC member, so his support of the current consensus for a first rate cut in June is unsurprising.
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Latest headlines from ECB's de Cos note that his central scenario points to a first ECB rate cut in June, and that the "recent decline in general inflation and core inflation show that monetary policy is being transmitted forcefully".

  • De Cos last spoke on March 20, where he did not comment his preferences r.e. the timing of the first rate cut, but noted "A stronger-than-expected monetary policy impact remains a downside risk to the euro area growth outlook".
  • On March 17, he said that a June rate cut was possible, conditional on the incoming data.
  • He is nonetheless a dovish GC member, so his support of the current consensus for a first rate cut in June is unsurprising.