ECB’s de Cos: Underlying inflation is now easing

  • Underlying inflation is now easing
  • Inflation seems to be turning a corner
  • Current interest rate level – if maintained for sufficiently long – is broadly consistent with achieving the target
  • Too early to talk about Ray cuts
  • Would be cautious about discontinuing PEPP reinvestment
  • Selling bonds is not something the ECB is currently considering in the future

This article was written by Greg Michalowski at www.forexlive.com. Source