(Finance) – “I think unlikely that our job is done at this point. It’s arguable that keeping rates in just slightly tight territory is enough to generate the disinflation we’re all probably hoping for,” he said. Klaas Knotpresident of the Bank of the Netherlands and member of the Governing Council of the ECB, in an interview with Reuters.
“I still think it is another step is needed in Maybut I don’t know the size of it,” Knot said, stressing that the “caveat” for any rate hike plan is that the financial market turmoil must dissipate and adding that Europe is “a long, long way” from a financial crisis and an escalation of turmoil is not the base case.
“We must not let ourselves be deceived – the central banker said – Il Our real problem with inflation is that of core priceswhich are still showing no signs of slowing down.”