ECB’s Knot: Increasingly confident about disinflation

The European Central Bank (ECB) Governing Council member and President of De Nederlandsche Bank (DNB), Klaas Knot, said on late Monday that Eurozone inflation is easing towards the 2% target, and geopolitical tensions pose minor threats, but the ECB should still exercise caution when cutting interest rates beyond a first step in June, per Reuters.  

Key quotes

“I am increasingly confident in the disinflation process.”