11/29/2021, 2:03 PM (Source: TeleTrader)
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ECB's De Cos: Inflation to subside next year

Member of the European Central Bank (ECB) Governing Council Pablo Hernandez de Cos stated on Monday that he expects inflation to subside next year, barring further shocks.

Furthermore, De Cos asserted that any inflation rises will be transitory despite them proving more persistent than initially projected. However, he admitted that some uncertainties do remain with price normalization.

Lastly, De Cos noted that the ECB wants to avoid tightening its policy prematurely, adding that it is unlikely it will be introducing interest rate hikes next year and "some time after that."

Baha Breaking the News (BBN) / OL