ECB’s Knot Sees First Interest Rate Hike in 4th Quarter of 2022

ECB’s Knot Sees First Interest Rate Hike in 4th Quarter of 2022
ECB board member Klaas Knot appears at a Dutch parliamentary hearing in The Hague, Netherlands, on Sept. 23, 2019. Eva Plevier/Reuters
Reuters
Updated:

AMSTERDAM—Klaas Knot, the Dutch central bank president and a member of the European Central Bank’s Governing Council, said on Sunday he expects the ECB to raise interest rates in the fourth quarter of this year.

In an interview on Dutch television program Buitenhof, Knot, known as one of the more hawkish members of the ECB’s board, said he supported winding down the euro zone central bank’s asset purchasing program as quickly as possible.