European Central Bank Governing Council member Pablo Hernandez de Cos said he expects interest rates to be cut in June if inflation continues to moderate as anticipated. “The announcement last week that we have completed our goal of getting inflation to 2% is compatible with a cut in interest rates soon, and that could probably happen in June,” the Bank of Spain governor told El Periodico in an interview published on Sunday. The first reduction in interest rates could happen then if the main forecasts continue to meet targets in the coming months, he said. ECB officials are likely to make their first cut in interest ... (full story)