FRANKFURT – The European Central Financial institution wants at the very least two vital rate of interest will increase earlier than it reaches the impartial stage, ECB policymaker Klaas Knot mentioned on Wednesday, whereas additionally calling for a shrinking of the central financial institution’s bond holdings.
“We want at the very least two extra vital hikes earlier than we enter the vary of believable estimates for impartial,” Knot, the Dutch central financial institution governor, mentioned on Bloomberg TV.
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