AMSTERDAM, Jan 22 (Reuters) – The European Central Financial institution (ECB) is about to boost rates of interest by 50 foundation factors in each February and March and can proceed to boost charges within the months after, ECB governing council member Klaas Knot stated in an interview with Dutch broadcaster WNL on Sunday.
“Count on us to boost charges by 0.5% in February and March and anticipate us to not be accomplished by then and that extra steps will comply with in Might and June,” Knot stated.
In a separate interview with Italian newspaper La Stampa revealed on Sunday, Knot stated it was “too early to inform” if the ECB may decelerate the tempo of its fee will increase by the summer time.
“In some unspecified time in the future, after all, the dangers surrounding the inflation outlook will turn into extra balanced,” he stated.
“That may even be a time through which we may make an additional step down from 50 to 25 foundation factors, for example. However we’re nonetheless far-off from that.”
Reporting by Bart Meijer and Federico Maccioni
Modifying by Tomasz Janowski
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