ECB's Knot: Terminal rate lower in eurozone than in US

European Central Bank (ECB) policymaker Klaas Knot said on Wednesday that they need a few more significant rate hikes before reaching neutral territory and noted that the terminal rate in the eurozone is lower than in the US, per Reuters.

"I have no indication that with steps up to 75 basis points we will not be able to achieve our price stability mandates 2% inflation over the medium term," Knot added.

Market reaction

EUR/USD continues to trade within its daily range after these comments and was last seen posting small losses at 0.9695.

Oct 12, 2022

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ECB's Knot: Terminal rate lower in eurozone than in US

Market reaction

BoE accepts 1.9798 billion GBP of offers in index-linked gilt purchase

Fed's Kashkari: Judgment call on whether we move in 50 or 75 bps increments on rates