“The European Central Bank (ECB) is planning to hike by 50 bps multiple times,” the central bank policymaker Klaas Knot said on Thursday.
I would take our words quite seriously.
Sees no signs of underlying inflation pressures abating.
ECB won't stop after a single 50 bps rate hike.
The Eurozone could avoid a recession but growth will be slow.
The ECB are only focused on the risk of doing too little right now.
EUR/USD has picked up fresh bids above 1.0800 on the above comments, adding 0.23% on the day to trade at 1.0815.