ECB's de Cos: Underlying inflation is now easing

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

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