ECB’s Knot: options for September are not limited to 50 basis points

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Reuters UK

PARIS (Reuters) -European Central Bank policymaker Klaas Knot told French newspaper Le Monde in an interview published on Tuesday that the ECB’s options for a September interest rate hike were not limited to 50 basis points. “If conditions stay the same as they are today, we should increase the rate by more than 0.25 percentage points. The following level is to go up again by 0.50 points, but our options are not necessarily limited to that,” said Knot, who is also head of the Dutch central bank. Knot added that interest rates were likely to rise again in October and December. “Everything will …

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