Economics
Inflation means more rate hikes coming in July and August, ECB member says
Klaas Knot, the Dutch central bank chief, tells Irish Times it is ‘too early to talk about a pause’ amid still-high inflation
The European Central Bank may need to raise interest rates in June and July following next month’s hike, according to governing council member Klaas Knot.
“It’s too early to talk about a pause,” the Dutch central bank chief told the Irish Times in an interview published on Thursday. “For a pause, I would really need to see a convincing reversal in underlying-inflation dynamics.”
The ECB is widely expected to raise rates again on May 4, ...