(Bloomberg) -- The European Central Bank can begin to lower interest rates at its meeting next month, should there be no more jolts to consumer prices, according to Governing Council member Pablo Hernandez de Cos.

“If these inflation prospects are maintained, from my point of view it would be advisable to begin reducing the current level of monetary restriction in June,” the Spanish central-bank chief told lawmakers in Madrid on Tuesday.

“In any case, with the level of uncertainty that’s still very high, we’ll continue applying a data-dependent approach and decisions will be adopted meeting by meeting, without committing to a specific path for rates,” he said.

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--With assistance from Thomas Gualtieri and Rodrigo Orihuela.

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