ECB's Knot sees no reason for cutting rates in July - Breaking The News

ECB's Knot sees no reason for cutting rates in July

8 July

1 min read

EPA-EFE/JEROEN JUMELET

European Central Bank (ECB) Governing Council member Klaas Knot (pictured) said on Monday that there is no reason for lowering interest rates in July after the bank started to ease its monetary policy in June.

In an interview with Handelsblatt, the central banker noted that "the next meeting that will truly be open again will be in September," adding that he is "comfortable" with the ECB's progress in reducing inflation.

Previously, Knot revealed that the ECB's plan for monetary policy forecasts "just under three" interest rate cuts this year as the uncertainty regarding prices remains high.

interest rate ecb knot

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