Knot eyes first ECB rate hike in Q4 2022

Dutch governor expects eurozone inflation to remain over 4% for much of 2022

Klaas Knot
Klaas Knot
Photo: DNB

Netherlands Bank president Klaas Knot says he expects the European Central Bank (ECB) to start increasing interest rates towards the end of 2022.

“Personally I expect our first rate increase to take place around the fourth quarter of this year,” Knot said in an interview with the Dutch television programme Buitenhof. “Normally we would raise rates by a quarter percentage point, I have no reason to expect we would take a different step.”

Knot added he expects inflation in the eurozone to remain

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