ECB's Knot says rate hikes are working, more needed

World
07-05-2023 | 13:48
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
ECB's Knot says rate hikes are working, more needed
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
0min
ECB's Knot says rate hikes are working, more needed

The European Central Bank's interest rate hikes are starting to have an effect, but more will be needed to contain inflation, Dutch Central Bank President Klaas Knot said on Sunday.

Knot, who is also on the ECB's governing council and is known as a hawk, said he had agreed with the ECB decision on Thursday to slow the speed of rate hikes to 25 basis points, or 0.25%

But, speaking on Dutch television, he said he still could support the lifting of rates to 5% from the current 3.25%, or even higher - if inflation proves more persistent than he expects.

"Our policy works with a certain delay, so the biggest effects of what we have done so far are still in the pipeline," Knot said in interview on the program Buitenhof.

Reuters 
 

ECB

Working

Europe

Bank

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
World News
2026-01-04

Netanyahu says Israel supports 'strong' US action in Venezuela

LBCI
Lebanon News
2026-04-11

Amal Movement and Hezbollah urge supporters to avoid protests amid rising tensions

LBCI
News Bulletin Reports
2026-05-09

New reconstruction and investment projects in Syria highlight shifting regional economic outlook

LBCI
World News
2026-05-23

Japan trade minister holds brief talks with Chinese counterpart amid diplomatic row

Videos
d-none hideMe
LBCI
Lebanon News
2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

LBCI
Lebanon News
2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

LBCI
Lebanon News
2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

LBCI
Lebanon News
2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

LBCI
Lebanon News
2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

LBCI
Lebanon News
2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

LBCI
Lebanon News
2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

LBCI
Lebanon News
2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

LBCI
Lebanon News
2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
Lebanon News
06:12

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

LBCI
Lebanon News
10:16

Rain in August? Sudden weather shift surprises Lebanon: Video

LBCI
Lebanon News
12:01

Walla: Israeli military strikes Ali al-Taher heights in southern Lebanon

LBCI
News Bulletin Reports
13:19

Wanted for war crimes: Why was retired Syrian Gen. Adel Issa detained in Beirut?

LBCI
News Bulletin Reports
13:10

Diplomacy vs. escalation: Southern Lebanon enters a critical new phase

LBCI
Lebanon News
06:23

Human Rights Watch urges UN to maintain peacekeeping force in South Lebanon

LBCI
World News
04:03

Etna eruption extends closure of Sicily's Catania airport until Saturday

LBCI
News Bulletin Reports
13:12

Waste crisis or new tax? Lebanon’s environmental fee raises questions

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More