Central Banks
ECB’s De Cos Says 4% Rates Should Bring Inflation Back to Target
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European Central Bank Governing Council member Pablo Hernandez de Cos said keeping interest rates at current levels could bring inflation back to target — joining other officials in signaling the end of an unprecedented hiking campaign.
“On the information currently available, maintaining the present level of interest rates for a sufficiently long time should be broadly consistent with achieving our inflation target of 2%,” de Cos said in a blog post published Wednesday on the Bank of Spain’s website.