Central Banks
ECB’s Knot Says Wage Numbers Needed Before Rate Cut Possible
- Getting back to 2% inflation is a ‘narrow path,’ he says
- Dutch central bank chief speaks on public broadcaster
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The European Central Bank must have certainty on wages in order to be able to lower interest rates, according to Governing Council member Klaas Knot.
There’s a “credible outlook” to bring inflation back to the ECB’s 2% goal in 2025, he said in an interview on Dutch state broadcaster NPO1 on Sunday.