ECB’s Knot: Will start discussing timing of interest rates in January
|The Dutch central bank head Klaas Knot stood by the ECB’s current guidance that interest rates would remain at their current through next summer but said this was only an expectation, representing the midpoint in a collection of outcomes.
Key quotes:
• Holds the possibility of other outcomes to the left or the right of that point.
• ECB will start discussing the timing of an interest rate hike in January.
• The outcome of that debate is still open.
• We are very comfortable with our choice of words.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.