The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday.
"Expect us to raise rates by 0.5% in February and March and expect us to not be done by then and that more steps will follow in May and June," Knot said.
In a separate interview with Italian newspaper La Stampa published on Sunday, Knot said it was "too early to tell" if the ECB could slow down the pace of its rate increases by the summer. "At some point, of course, the risks surrounding the inflation outlook will become more balanced," he said. "That would also be a time in which we could make a further step down from 50 to 25 basis points, for instance. But we are still far away from that."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB set to raise rates by 0.5% in Feb and March, Knot saysThe European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday.
Read more »
ECB set to raise rates by 50 bp in Feb and March, Knot says By Reuters*ECB MEMBER KNOT: EXPECT ECB TO RAISE INTEREST RATES BY 50BPS IN FEBRUARY AND MARCH - $EUR 🇪🇺🇪🇺
Read more »
Buzz Aldrin, moonwalker and former astronaut, ties the knot on his 93rd birthdayBuzz Aldrin is the only one of the three astronauts from the Apollo 11 mission still alive today.
Read more »
EUR/USD: ECB and Fed policies to diverge, lifting the Euro – MUFGNear-term ECB policy outlook has been the driver of EUR volatility this week. A diverging monetary plicy between Fed and ECB is set to boost the Euro,
Read more »
Fed Official Favors Quarter-Point Rate Rise in FebruaryFederal Reserve governor Christopher Waller—an early supporter of rapid rate increases last year—said he would support a slower pace of increases at the Fed’s next meeting, cementing expectations of a quarter-percentage-point rate rise on Feb. 1
Read more »
Indie Game Birth Receives February Release DateOne of the many indie favorites that were on display at Summer Game Fest, Birth will see a proper release for PC next month.
Read more »