(Finance) – In the “match” between the European Central Bank and theinflation “we are entering the second half” and after “the long shots” of the first phase now “it is probable that our game will change to short and agile passes”. This is the metaphor used by the governor of the Dutch central bank, Klaas knot, to explain Frankfurt’s monetary policy strategy. “It is likely that we will slow down the pace of our rate hikes, which will allow us to use all our tools to make our tactics more varied,” he specified speaking at the European Banking Congress in Frankfurt.
More generally, Knot said that “we must persist” in efforts to bring inflation down with a “resolute” line. “I don’t know” what will be the peak of interest rates that will be achieved by the ECB, he added, “but I know we still have a long way to go”. “We are in an unprecedented situation. I think what is relevant is the decisiveness, tenacity – he reiterated -. We should see i first effects of our shares in the second half of 2023″.