The head of monetary policy at the European Central Bank (ECB), Klaas Knot, has stated that the ECB is unlikely to have finished with rate hikes and has added who still thinks they need to raise the policy rate in May. However, Knot has refrained from mentioning the magnitude of the rise, Reuters reports.
Additional comments
“Core inflation shows no signs of abating, with wages and services being its main drivers.”
“Inflation risks are clearly tilted to the upside; second-round wage effects are becoming more visible.”
“The banking turmoil must have a significant permanent impact to alter the inflation baseline.”
“It could gradually move to a complete halt on reinvestments in AOO if there is no more turmoil in the markets“.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
