ECB May Need to Hold Rates Amid ‘Two-Sided’ Risks, Knot Tells FT

The European Central Bank may have to keep borrowing costs steady for the forseeable future as officials confront both upside and downside risks to consumer prices, Governing Council member Klaas Knot said.

Speaking to the Financial Times, the Dutch governor, whose term ends this month, said he couldn’t rule out a further reduction but said that colleagues will need to judge how the trade war and energy prices impact the economy.