ECB member and Bank of Portugal governor Mario Centeno spoke on Tuesday in an interview with Econostream Media. ICYMI:

Centeno said rate cuts from the European Central Bank could come sooner than the market expects

  • should not wait until May to make a decision
  • there are no signs of additional pressure on inflation
  • rates have peaked
  • expects inflation to have fallen to target in Q2
  • "The decision to keep nominal rates steady for the moment is appropriate and we will decide when to cut them sooner than we thought until recently,"
  • "I can't say when, but I can ... say the most recent developments on inflation and the economy have obviously brought the moment of easing (of monetary policy) closer"
Comments from the ECB's Centeno:

BNP Paribas much the same: