ECB’s Knot: Sees rate lift-off sometime after 2022

The European Central Bank (ECB) policymaker Klaas Knot said on Tuesday, he sees the central bank raising interest rates sometime after 2022.

Additional quotes

“ECB likely to end PEPP purchases in March next year.”

“Inflation outlook is better than before the pandemic.”

“That should guide decision on bond purchases.”

“Inflation should decline in 2022.”

“But if market is right on inflation, then it is also right on rates pricing.”

“Current supply-side shocks may not be temporary.”