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Dutch governor Knot signals ECB will keep raising rates in months ahead- FT
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(Reuters) – Head of Dutch Central Bank Klaas Knot said with five policy meetings between now and July 2023, the ECB would achieve “quite a decent pace of tightening” through half percentage point rises before borrowing costs eventually peaked by the summer, the Financial Times reported on Monday.
(Reuters) – Head of Dutch Central Bank Klaas Knot said with five policy meetings between now and July 2023, the ECB would achieve “quite a decent pace of tightening” through half percentage point rises before borrowing costs eventually peaked by the summer, the Financial Times reported on Monday.
“The risk of us doing too little is still the bigger risk,” Knot told the newspaper in an interview. “We are just at the beginning of the second half.”
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Himani Sarkar)
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates to influence economic activity, inflation, and employment.
Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage of the amount borrowed or saved, typically set by central banks.
The European Central Bank (ECB) is the central bank for the eurozone, responsible for managing the euro and implementing monetary policy across member states.
Economic growth is the increase in the production of goods and services in an economy over a period of time, often measured by the rise in Gross Domestic Product (GDP).
A central bank is a national institution that manages a country's currency, money supply, and interest rates, and oversees the banking system.
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