- Analytics
- News and Tools
- Market News
- ECB Knot: ECB can be expected to raise rates for some time after March
ECB Knot: ECB can be expected to raise rates for some time after March
European Central Bank (ECB) policymaker Klaas Knot said on Tuesday that the ECB can be expected to keep raising interest rates for “quite some time” after March. According to him, the current pace of hikes could continue into May if underlying inflation does not materially abate. “Once we see a clear, decisive turn in underlying inflation dynamics, I expect the ECB to move to smaller steps.”
Knot mentioned that inflation appears to have peaked. The sharp decrease in energy prices seen over the last months could bring down headline inflation even faster than what the ECB is projecting, the policymaker added. He does not see a recession in the winter and pointed out that the slowdown in economic growth seems “even more shallow, short-lived than expected”.
Market reaction
Trades have all their attention on the effects of Fed Chair Powell’s remarks. The EUR/USD is sharply lower trading at 1.0565, while EUR/GBP is at two-week highs above 0.8900.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
