> ECB's de Cos reaffirms the case for a June rate cut

ECB's de Cos reaffirms the case for a June rate cut

Remarks by ECB policymaker, Pablo Hernandez de Cos

Tuesday, 30/04/2024 | 10:15 GMT

ECB should start cutting rates in June if inflation continues to slow as expected
But to follow data-dependent approach at each meeting considering that uncertainty is still high

Nothing new there from de Cos. This just reaffirms the current ECB outlook and the data today does not change that. EUR/USD is sitting marginally higher on the day at 1.0728 currently.