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Dutch governor Knot signals ECB will keep raising rates in months ahead- FT

Published 12/26/2022, 12:24 AM
Updated 12/26/2022, 12:27 AM
© Reuters. FILE PHOTO: ECB board member Klaas Knot appears at a Dutch parliamentary hearing in The Hague, Netherlands September 23, 2019 REUTERS/Eva Plevier

© Reuters. FILE PHOTO: ECB board member Klaas Knot appears at a Dutch parliamentary hearing in The Hague, Netherlands September 23, 2019 REUTERS/Eva Plevier

(Reuters) - Head of Dutch Central Bank Klaas Knot said with five policy meetings between now and July 2023, the ECB would achieve "quite a decent pace of tightening" through half percentage point rises before borrowing costs eventually peaked by the summer, the Financial Times reported on Monday.

"The risk of us doing too little is still the bigger risk," Knot told the newspaper in an interview. "We are just at the beginning of the second half."

Latest comments

Just ki..ll all the european economy and growth...thats an excellent strategy when Europe has a war going on where they are under price pressure for energy prices causing the inflation...wonder whicheconomic School is teaching this strategy.
Rameeso
ECB will not raise rates much more, the EU economy would crash big time
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