ECB's Knot: Rate hikes beyond July possible but not certain

  • Remarks by ECB policymaker, Klaas Knot
  • It loos like core inflation has plateaued
  • We need to hike rates in July
  • Optimistic to see inflation reaching 2% in 2024
  • There is still lots of data due between now and September

Knot is a perennial hawk but he's not really pushing the issue on September just yet. I would argue more so out of respect to the decorum and agreement that the ECB has not to say anything before the July decision is made.

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