- Analytics
- News and Tools
- Market News
- ECB's Knot: Conditions for rate hike very unlikely to be met in 2022
ECB's Knot: Conditions for rate hike very unlikely to be met in 2022
European Central Bank (ECB) policymaker Klaas Knot said on Tuesday that conditions for a rate hike are very unlikely to be met in 2022, as reported by Reuters.
Additional takeaways
"Inflation to fall below 2% towards the end of 2022 but must prepare for upside scenarios."
"APP is the appropriate tool for marginal policy adjustment beyond PEPP, should keep optionality to adjust APP both up and down."
"ECB should not make long-lasting unconditional commitments once PEPP ends; must maintain optionality."
"Inflationary pressures from higher energy prices, supply bottlenecks last longer than initially thought."
"Higher wage increases will become more likely if inflationary pressures were to persist longer."
Market reaction
The shared currency stays on the back foot following these comments and the EUR/USD pair was last seen losing 0.1% on the day at 1.1572.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
