Euro: Knot signals ECB readiness for new tools – Rabobank
Rabobank’s Global Daily flags comments from Dutch European Central Bank (ECB) presidential candidate Klaas Knot, who told the Financial Times that the ECB would not hesitate to act if circumstances require.
Rabobank's Global Daily reported Dutch European Central Bank (ECB) presidential candidate Klaas Knot's comments to the Financial Times. Knot emphasized that the ECB would not hesitate to take action if circumstances demand, hinting at the potential development of a more tailored instrument should Europe face a crisis of an unprecedented nature. This stance was not related to the 50 basis points (bps) rate hikes due to geopolitically driven inflation, but rather to a hypothetical future crisis.
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