Central Banks
ECB’s Knot Says Up to Three-Quarter-Point Hike Needed Next Month
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European Central Bank Governing Council member Klaas Knot said he supports an interest-rate increase of as much as 75 basis points at next month’s meeting.
“The inflation problem in Europe at the moment is so big that I think our job is to raise interest rates every six weeks until the inflation picture stabilizes around 2%,” Knot, an ECB hawk, said in an interview with Dutch broadcaster NOS.