The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday.
"Expect us to raise rates by 0.5% in February and March and expect us to not be done by then and that more steps will follow in May and June," Knot said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Buzz Aldrin, moonwalker and former astronaut, ties the knot on his 93rd birthdayBuzz Aldrin is the only one of the three astronauts from the Apollo 11 mission still alive today.
Read more »
IMF's Georgieva and ECB's Lagarde discuss the future of global growth at DavosModerated by CNBC's Geoff Cutmore, top business leaders and policymakers discuss the future of growth at Davos, Switzerland, and the policies needed to stabilize the global economy.
Read more »
EUR/USD: ECB and Fed policies to diverge, lifting the Euro – MUFGNear-term ECB policy outlook has been the driver of EUR volatility this week. A diverging monetary plicy between Fed and ECB is set to boost the Euro,
Read more »
Couple marry at Nottingham hospital after leukaemia diagnosisMick Cutforth tied the knot with his partner of 20 years after being diagnosed with leukaemia.
Read more »
SpaceX and NASA targeting Feb. 26 for Crew-6 astronaut launchThe mission will launch four spaceflyers from three different nations.
Read more »
Buzz Aldrin marries Anca Faur on his 93rd birthdayThe icon got married to his longtime girlfriend, Anca Faur, on the same day that he celebrated his 93rd birthday.
Read more »