MADRID, May 11 (Reuters) - The European Central Bank is
now closer to the final stages of its interest rate raising
cycle, ECB's policymaker Pablo Hernandez de Cos said on
Thursday.
"At the start of the upward cycle, there were ample
financial conditions. Now that they have tightened, the need for
further hikes clearly disappears, we are clearly closer to the
end of this cycle," De Cos told a financial event in Madrid.
The ECB slowed the pace of its interest rate increases last
week with a 25-basis-point raise but signalled more tightening
were coming.
(Reporting by Jesús Aguado and David Latona; editing by Inti
Landauro)
Messaging: Reuters Messaging:
jesus.aguado.reuters.com@reuters.net))
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