European Central Bank (ECB) Governing Council member Pablo Hernandez de Cos announced on Friday that they will communicate their decision on bank dividends in July or September, as reported by Reuters.
"Now the macroeconomic situation has changed and the arguments that would justify extending or maintaining the recommendation are progressively disappearing," De Cos explained.
Market reaction
These comments don't seem to be having a significant impact on market sentiment. As of writing, the Euro Stoxx 50 Index was down 0.15% on the day at 4,115.