“Our analysis does not support that our forward guidance conditions are met at a time when financial markets are currently anticipating the first interest rate hike, around the third quarter of 2022, nor does it support that these conditions will be met at an early date after that,” De Cos told a financial event in Spain.
De Cos also said a recent surge in inflation was “transitory” though added that factors behind it, such as a hike in energy prices, could be more persistent than initially estimated, adding there was high uncertainty about its duration.
Source: Economy - investing.com
