ECB's Knot says planning to hike rates by 50 bps 'multiple' times

  • Remarks by ECB policymaker, Klaas Knot
  • I would take our words quite seriously
  • Sees no signs of underlying inflation pressures abating
  • ECB won't stop after a single 50 bps rate hike

That's a pushback to the reports from earlier this week that the ECB might be less aggressive in the months ahead. That said, Knot is a one of the most hawkish members on the governing council so the remarks are fitting with his brand.

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