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ECB‘s Knot backs Lagarde’s rate hike plans
Abstract：DAVOS (Reuters) – Dutch central bank chief Klaas Knot, among the most conservative members of the European Central Bank‘s Governing Council, said he fully supported ECB chief Christine Lagarde’s proposed schedule for interest rate hikes.
DAVOS Reuters – Dutch central bank chief Klaas Knot, among the most conservative members of the European Central Bank‘s Governing Council, said he fully supported ECB chief Christine Lagarde’s proposed schedule for interest rate hikes.
“Our president has issued a blog on how policy would respond to inflation,” Knot said. “Im fully on board, I fully support everything that is in the blog, I think it nicely charts the policy course.”
Lagarde earlier this week said the minus 0.5 deposit rate should start rising in July and could be at zero or “slightly above” by the end of September.
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