ECB's Knot: Leaning towards 75 bps hike in September
|European Central Bank (ECB) policymaker Klaas Knot said on Tuesday that he was leaning toward a 75 basis points rate hike in September but added that he was open to discussion.
Knot further argued that going back to neutral would not be enough to tame inflation and added that they could see labour hoarding in the initial phase of economic slowdown.
Market reaction
EUR/USD retreated from daily highs in the early American session but was last seen moving in positive territory above parity.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.