Advertisement
UK markets open in 4 hours 31 minutes

  • NIKKEI 225

    38,433.81
    -401.29 (-1.03%)
     

  • HANG SENG

    18,540.12
    +60.75 (+0.33%)
     

  • CRUDE OIL

    78.04
    -0.34 (-0.43%)
     

  • GOLD FUTURES

    2,315.90
    -8.30 (-0.36%)
     

  • DOW

    38,884.26
    +31.99 (+0.08%)
     

  • Bitcoin GBP

    50,263.53
    -799.92 (-1.57%)
     

  • CMC Crypto 200

    1,299.59
    -65.53 (-4.80%)
     

  • NASDAQ Composite

    16,332.56
    -16.69 (-0.10%)
     

  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

ECB's Knot: good chance inflation remains above 2% after 2022

Reuters
Updated ·1-min read
FILE PHOTO: ECB board member Klaas Knot appears at a Dutch parliamentary hearing in The Hague

AMSTERDAM (Reuters) - Inflation in the euro zone could very well exceed the European Central Bank's (ECB) current projections for the coming years, ECB governing council member Klaas Knot said in an interview published on Thursday.

The ECB this month projected inflation in the monetary union to fall to 1.8% after 2022, but Knot said that outlook could prove to be too rosy.

"I have a different view, I think the chance we remain stuck above 2% is just as big. Not far above 2%, but still," Knot told Dutch daily Trouw.

Knot earlier this month said the ECB could decide to raise interest rates in 2023, if inflation continues to exceed expectations next year.

(Reporting by Bart Meijer; Editing by Sam Holmes)