AMSTERDAM (Reuters) – Price pressures within the euro zone proceed to ease, giving ECB policymakers extra confidence that inflation will sluggish to their goal degree subsequent yr, Dutch Central Bank chief Klaas Knot mentioned.
If development and value developments stay on the present path, it is going to be acceptable for the ECB to begin eradicating some financial restrictions and June could possibly be the primary alternative to chop rates of interest, Knot advised a convention.
“If we are able to proceed on this path, and incoming knowledge continues to substantiate this growth, then it is going to be acceptable to step by step take the foot off the brake and take away among the restrictive financial coverage,” Knot mentioned earlier than Federal Reserve Chairman Jerome Powell.
(Translated by Camilla Borri, modifying by Francesca Piscioneri)