Central Banks
ECB’s Knot Favors 50 or 75 Basis-Point Rate Hike in December
- Dutch official says ‘another substantial’ step needed
- A recession is ‘becoming more and more likely,’ Knot says
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European Central Bank Governing Council member Klaas Knot would favor an interest-rate hike of 50 or 75 basis points in December, though he highlighted that a decision has yet to be made.