ECB ‘Certainly’ Isn’t Done With Interest-Rate Hikes, Knot Says

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ECB ‘Certainly’ Isn’t Done With Interest-Rate Hikes, Knot Says
News & Feeds

ECB ‘Certainly’ Isn’t Done With Interest-Rate Hikes, Knot Says

The European Central Bank has to continue to raise borrowing costs, according to Governing Council member Klaas Knot, conceding that a slower pace of tightening could be warranted. “We are certainly not done with interest-rate hikes,” the Dutch central bank chief told the NRC newspaper in an interview. “Core inflation in the euro zone is now almost 6%, and you can’t fight that with an interest rate of 3%.” “The only question is whether you still need to take a further step up by half a percentage point, like the last few times we raised rates, or can you already scale back to smaller increments of a

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https://www.bnnbloomberg.ca/ecb-certainly-isn-t-done-with-interest-rate-hikes-knot-says-1.1905561