UK markets close in 3 hours 4 minutes
  • FTSE 100

    7,485.84
    +19.93 (+0.27%)
     
  • FTSE 250

    20,288.80
    +43.37 (+0.21%)
     
  • AIM

    929.46
    +1.10 (+0.12%)
     
  • GBP/EUR

    1.1803
    -0.0015 (-0.12%)
     
  • GBP/USD

    1.2145
    -0.0058 (-0.47%)
     
  • BTC-GBP

    19,563.61
    -828.27 (-4.06%)
     
  • CMC Crypto 200

    564.68
    -10.07 (-1.75%)
     
  • S&P 500

    4,207.27
    -2.97 (-0.07%)
     
  • DOW

    33,336.67
    +27.16 (+0.08%)
     
  • CRUDE OIL

    92.70
    -1.64 (-1.74%)
     
  • GOLD FUTURES

    1,803.90
    -3.30 (-0.18%)
     
  • NIKKEI 225

    28,546.98
    +727.65 (+2.62%)
     
  • HANG SENG

    20,175.62
    +93.19 (+0.46%)
     
  • DAX

    13,759.65
    +65.14 (+0.48%)
     
  • CAC 40

    6,554.44
    +9.77 (+0.15%)
     

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

·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)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting