ECB’s Knot: Planning to hike by 50 bps multiple times

“The European Central Bank (ECB) is planning to hike by 50 bps multiple times,” the central bank policymaker Klaas Knot said on Thursday.

Additional quotes

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.

The Eurozone could avoid a recession but growth will be slow.

The ECB are only focused on the risk of doing too little right now.

Makret reaction

EUR/USD has picked up fresh bids above 1.0800 on the above comments, adding 0.23% on the day to trade at 1.0815.