Technical Analysis

ECB’s Knot says the Bank is about half way through its rate hike cycle

Klaas Knot is head of the Dutch central bank. The Financial Times (gated) reported that Klass forecast a series of hikes in the first half of 2023.

Via Reuters:

  • “The risk of us doing too little is still the bigger risk,”
  • “We are just at the beginning of the second half.”
  • with five policy meetings between now and July 2023, the ECB would achieve “quite a decent pace of tightening” through half percentage point rises before borrowing costs eventually peaked by the summer

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