Vice President of the European Central Bank (ECB) Luis de Guindos hit newswires late Thursday, giving his outlook on the ECB's potential rate cut stance heading into the midyear.

Key highlights

de Guindos sees the European economy picking up in the second half of the year.

The ECB should have sufficient information in June to begin making decisions about monetary policy.

European inflation is heading towards 2%, but wage growth remains a risk.