ECB Official Expects June Interest Rate Cut If Inflation Keeps Slowing

• ECB official De Cos expects interest rates to be cut in June if inflation continues to moderate • A rate cut could happen in June if inflation forecasts continue meeting targets in coming months • First rate cut likely to happen over summer once ECB assured inflation sustainably returning to 2% target • Other ECB officials also speaking out in favor of rate cuts, with some wanting 2 cuts before August • ECB wants to be assured inflation decisively returning to 2% target before beginning monetary easing