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30 Dec 2021

ECB's Knot: Good Chance Inflation Remains Stuck Above 2% after 2022

The Index Today

ECB governing council member Klaas Knot said in an interview published on Thursday that Inflation in the euro zone could very well exceed the European Central Bank's (ECB) current projections for the coming years.

The ECB this month projected inflation in the monetary union to fall to 1.8% after 2022, but Knot said that outlook could prove to be too hopeful. "I have a different view, I think the chance we remain stuck above 2% is just as big. Not far above 2%, but still," Knot told Dutch daily Trouw.

Knot earlier this month said the ECB could decide to raise interest rates in 2023, if inflation continues to exceed the economists’ forecasts in the year of 2022.

©Photo: dnb.nl

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