The European Central Bank (ECB) Vice President Luis de Guindos said Wednesday, the central bank’s recommendation on banks dividend cap could be lifted sooner or later alongside economic recovery.

“If the pace of activity we are forecasting continues, clearly this recommendation will sooner or later disappear,” De Guindos said.

The ECB expects to make a decision on whether to lift restrictions on bank dividends and share buy-backs on July 23, per Reuters.

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