4u Created
Image default

ECB set to raise rates by 0.5% in Feb and March, Knot says By Reuters


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

AMSTERDAM (Reuters) – 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.


Source link

Related posts

New Ecobank CEO to pursue stabilisation and profits, says group chairman By Reuters

China agrees to formation of global sovereign debt ’roundtable’ -IMF chief By Reuters

First time Bear market? Advice from Bitcoin Bull Michael Saylor By Cointelegraph