ECB set to raise rates by 0.5% in Feb and March, Knot says

📆 1/22/2023 12:50 PM
📰 Reuters

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The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday.

"Expect us to raise rates by 0.5% in February and March and expect us to not be done by then and that more steps will follow in May and June," Knot said.

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Europe is not like the US. We can't afford here rates so high without damaging countries like Italy, Spain and Greece. That will go down badly imo

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