ECB needs at least two more ‘significant hikes’, Knot says

Posted on October 12, 2022Comments Off on ECB needs at least two more ‘significant hikes’, Knot says

© Reuters. FILE PHOTO: ECB board member Klaas Knot appears at a Dutch parliamentary hearing in The Hague, Netherlands September 23, 2019 REUTERS/Eva Plevier/File Photo

FRANKFURT (Reuters) – The European Central Bank needs at least two significant interest rate increases before it reaches the neutral level, ECB policymaker Klaas Knot said on Wednesday, while also calling for a shrinking of the central bank’s bond holdings.

“We need at least two more significant hikes before we enter the range of plausible estimates for neutral,” Knot, the Dutch central bank governor, said on Bloomberg TV.

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Comments Off on ECB needs at least two more ‘significant hikes’, Knot says