[European Central Bank President candidate de Cos said that we need to remain vigilant about inflation risks] On November 7, Pablo Hernández de Cos said that monetary policymakers should continue to pay close attention to the inflation risks caused by high energy prices. He is one of two potential successors to European Central Bank President Christine Lagarde. In an interview published on Saturday by Swiss newspaper Tagesanzeiger, de Cos said so far the so-called second-round effect had not materialized. “But initial hopes that the war would end soon and energy prices would fall as a result did not materialize,” he said. "So we need to remain vigilant about inflation risks." de Cos, who currently serves as president of the Bank for International Settlements, said that if central banks raise interest rates, it should be because they see risks to price stability from the latest data.