Central Banks
ECB May Have to Raise Rates Through July, Knot Says
- Size of May hike to be determined by inflation data, Knot says
- Knot is among the hawkish members of ECB’s Governing Council
Klaas Knot
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The European Central Bank may need to raise interest rates in June and July following next month’s hike, according to Governing Council member Klaas Knot.
“It’s too early to talk about a pause,” the Dutch central bank chief told the Irish Times newspaper in an interview published Thursday. “For a pause, I would really need to see a convincing reversal in underlying-inflation dynamics.”