ECB's de Cos: We could start cutting rates in June but it is conditional on the data

Remarks by ECB policymaker, Pablo Hernandez de Cos

Risks to inflation outlook are balanced
But risks to growth projections are clearly to the downside

Barring any shocks or surprises in the data, a June rate cut should be a given for the ECB. The rates market shows that traders are pricing in ~70% odds of that at the moment.