© Reuters. FILE PHOTO: Bank of Spain Governor Pablo Hernandez de Cos, speaks through 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 assured that inflation is coming again to its 2% goal and that its subsequent transfer shall be slicing rates of interest, policymaker Pablo Hernandez de Cos stated 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 financial institution governor informed an occasion in Cyprus. “I think it’s also wise not to be precise (on the timing).”