European Central Bank (ECB) Governing Council member Mario Centeno said on Thursday inflation is in sustained fall towards 2% and the policymakers are certain that interest rates will come down.
The official also noted that the market expects that rate reduction will begin in June, but refused to anticipate the decision.
In addition, Centeno said that he prefers a gradual rate-reduction path and stressed that the ECB's decisions are taken based on data at each meeting.