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ECB's De Cos sees unlikely interest rates hikes next year or some time thereafter

MADRID, Nov 29 (Reuters) - Interest rates in the euro zone are unlikely to rise next year or even some time thereafter as risks to the growth outlook remain tilted to the downside, European Central Bank policymaker Pablo Hernandez de Cos said on Monday.

“It can be concluded that we are unlikely to witness interest rate hikes next year or even for some time thereafter, since the information and analysis available to us suggest that the aforementioned conditions for an interest rate increase seem unlikely to be met within that time frame,” De Cos told a financial event in Madrid. (Reporting by Jesús Aguado and Emma Pinedo; editing by Balazs Koranyi)

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