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- ECB's Knot: Rate hike in Q4 is still a realistic expectation, but by no means certain
ECB's Knot: Rate hike in Q4 is still a realistic expectation, but by no means certain
European Central Bank Governing Council Member and Dutch central bank head Klass Knot said on Thursday that a rate hike in Q4 this year is still a realistic expectation, but is by no means a certainty, reported Reuters. Knot added that two rate hikes this year can't be excluded but that would require a further upward revision of inflation expectations.
Asset buys should be reduced to EUR 10B in July and ended by the end of July, he continued, noting that September should be available for a rate hike, "not that I expect rates will have to go up in September". A delay in a rate hike to January would require strong negative demand effects because of the war in Ukraine, Knot outlined.
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