ECB’s Knot: A real possibility that rate hikes will continue in October and December

“There is a real probability that rates will continue to rise in October and December,” European Central Bank (ECB) policymaker Klaas Knot said in an interview with Le Monde on Tuesday.

Additional quotes

"If conditions remain the same as today, ECB has to raise by more than 25 bps in September."

"The next level is to raise rates by 50 bps but our options are not limited to that."

"It all depends on the data and economic situation."

Market reaction

EUR/USD is unmoved around 1.0465 on these above comments, adding 0.60% so far.

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